Short-Term Price Movement and Market Performance
The stock’s recent performance has been underwhelming relative to the benchmark Sensex and its sector peers. Over the past week, Lumax Auto Technologies has declined by 6.36%, significantly underperforming the Sensex’s modest 1.00% fall. The one-month and year-to-date returns also reflect this trend, with the stock down 14.96% and 16.36% respectively, compared to the Sensex’s declines of 4.67% and 5.28% over the same periods. On the day in question, the stock touched an intraday low of ₹1,267.30, representing a 6.04% drop from previous levels, with a weighted average price indicating that more volume was traded near this low point. This suggests selling pressure dominated trading activity during the session.
Adding to th...
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