Lactose (India) Ltd Sees Significant Buying Activity Amid Market Decline, Reverses Trend

Lactose (India) Ltd is witnessing significant buying activity today, with the stock rising by 4.58%, contrasting sharply with the Sensex, which has declined by 1.80%. This uptick marks a trend reversal after three consecutive days of declines. The stock reached an intraday high of Rs 93.13, although it also hit a new 52-week low of Rs 84.27 during the trading session.
Over the past week, Lactose (India) has experienced a decline of 6.87%, while the Sensex fell by 2.55%. In the longer term, the stock has faced challenges, with a 58.24% drop over the past three months and a year-to-date decline of 56.86%. However, it has shown resilience over a three-year period, gaining 58.12%, and an impressive 467.87% over the past five years, significantly outperforming the Sensex.

The current buying pressure may be attributed to various factors, including market sentiment and potential recovery signals after recent lows. Lactose (India) is currently trading below its moving averages, indicating a need for sustained momentum to improve its market position.