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LAXMIMACH Share Price Discussion

Lakshmi Machine Works Ltd.
NSE: LAXMIMACH | BSE: 500252 | ISIN: INE269B01029 | Sector: Engineering

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.
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NSE:LAXMIMACH price when posted: 3,775
Recent posts in LAXMIMACH
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Reputation: 4,625 • Jul 24 7:03 AM
Lakshmi Machine Consolidated June 2020 Net Sales at Rs 168.78 crore, down 63.21% Y-o-Y
Moneycontrol
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Reputation: 4,625 • Jul 24 7:03 AM
Lakshmi Machine Standalone June 2020 Net Sales at Rs 170.52 crore, down 62.3% Y-o-Y
Moneycontrol
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Reputation: 4,625 • May 28 3:13 AM
Lakshmi Machine Standalone March 2020 Net Sales at Rs 391.17 crore, down 32.56% Y-o-Y
Moneycontrol
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Reputation: 4,625 • May 26 2:43 AM
Lakshmi Machine Consolidated March 2020 Net Sales at Rs 386.05 crore, down 34.34% Y-o-Y
Moneycontrol
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Reputation: 4,625 • May 6 1:38 AM
Lakshmi Machine Works resumes operations at production units
It had suspended operations at the company from March 24 following the governments' directive aimed at containing the spread of coronavirus.
Moneycontrol
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A
Reputation: 2,612 • Feb 7 5:50 AM

*Positinal Delivery based Buy LMW 3270 and dip till 3150 SL below 2900 Tgt 4500, 5400+ Time 15 to 18 Months*
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