Why is LWS Knitwear falling/rising?
As of 07-Oct, LWS Knitwear Ltd's stock price is 16.50, down 5.06%, and has underperformed significantly with a 33.47% year-to-date decline. The stock is trading below key moving averages, indicating a bearish trend, while investor participation has increased despite the lack of clear reasons for its recent movement.
As of 07-Oct, LWS Knitwear Ltd's stock price is currently at 16.50, reflecting a decline of 0.88, or 5.06%. The stock has been underperforming, having lost 6.25% over the last two days and showing negative returns of 6.46% over the past week and 8.28% over the past month. Additionally, it is trading below all key moving averages, indicating a bearish trend. While there has been a notable increase in investor participation with delivery volume rising by 111.87% against the 5-day average, there are no positive or negative factors provided that could clarify the reasons behind the stock's recent movement.In the broader market context, LWS Knitwear's performance contrasts sharply with the Sensex, which has gained 2.07% over the past week and 1.51% over the past month. The stock's year-to-date decline of 33.47% and a staggering 60.48% drop over the past year further highlight its struggles compared to the benchmark's 4.85% increase during the same period. This significant underperformance suggests that investor sentiment may be negatively impacted, contributing to the stock's continued decline.
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