Recent Price Movement and Market Context
Lykis Ltd’s share price has been under pressure for the last two consecutive days, resulting in a cumulative loss of 7.29% over this brief period. This decline is sharper than the broader sector’s movement today, where the stock’s performance is described as inline with sector trends. The stock’s current price is below its short-term moving averages of 5-day and 20-day, signalling some immediate selling pressure. However, it remains comfortably above its longer-term moving averages of 50-day, 100-day, and 200-day, indicating that the medium to long-term trend is still relatively positive.
Over the past week, Lykis Ltd’s stock has fallen by 5.16%, which is notably worse than the Sensex’s 2.55% decline during the same period. This...
Read full news article












