Lakshmi Machine Works continues significant uptrend; increases 1.6%
Lakshmi Machine Works Ltd. (NSE:LAXMIMACH), India's 5th largest Industrial machinery company by market cap, has increased Rs58.20 (1.6%) from its previous trading session to close at Rs3,768.40. Compared with the BSE SENSEX Index which rose 12.8 points (0.03%) in the day, the relative price increase was 1.5%. There were 13,078 shares worth Rs49.4 million (US$695,482) traded today. The rise has been propped up by high volume of 2.0 times the average daily volume of 6,540 shares. Today the stock traded between its 79-day high of Rs3,825.0 and three-day low of Rs3,650.0.
Technical indicators complementing today's significant uptrend:
+ The positive 102.21 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ In the last one month the stock has hit a new 52-week high nine times, pointing to a significant uptrend.
+ The price jumped 9.6% in the last week and soared 16.7% in the last month.