LMW Stock Sees Positive Trend, Outperforms Sector and Sensex, Hold Position: MarketsMOJO

Lakshmi Machine Works (LMW), a leading textile machinery company in the midcap sector, has seen a positive trend in its stock performance. On June 25, 2024, the company's stock gained 6.96%, closing at Rs 17403. This is just 1.56% away from its 52-week high of Rs 17675.

According to MarketsMOJO, a leading stock analysis platform, the current stock call for LMW is 'Hold'. The stock has also outperformed the sector by 4.18% and has shown a trend reversal after two consecutive days of fall.

Intraday, the stock touched a high of Rs 17403, showing a significant increase of 6.96%. LMW is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock.

In the textile machinery sector, LMW has gained by 2.78%, showing a positive action in the sector. In comparison to the Sensex performance, LMW has outperformed with a 1-day performance of 5.10% and a 1-month performance of 2.30%, while the Sensex has shown a performance of 0.97% and 3.56%, respectively.

Overall, LMW has shown a strong performance in the midcap sector, with a positive trend in its stock and outperforming the sector and Sensex. Investors are advised to hold their positions in LMW, as per MarketsMOJO's stock call.