Recent Price Movement and Market Performance
The stock’s decline on 12-Dec is part of a broader short-term underperformance trend. Over the past week and month, Laxmi Goldorna’s shares have fallen by 3.34% and 3.55% respectively, while the Sensex benchmark has gained 0.53% and 0.66% over the same periods. This divergence highlights growing investor caution. Furthermore, the stock underperformed its sector by 5.81% on the day, signalling sector-relative weakness.
Technical indicators reinforce this bearish sentiment, with the share price trading below all key moving averages – 5-day, 20-day, 50-day, 100-day, and 200-day – suggesting downward momentum. Investor participation has also waned, as delivery volumes on 11 Dec dropped by 47.11% compared to the five-day average,...
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