RattanIndia Power Sees Surge in Trading Activity Amid Ongoing Decline

RattanIndia Power Ltd, a mid-cap player in the power industry, has emerged as one of the most active equities today, with a total traded volume of approximately 92.47 million shares and a total traded value of around Rs 126.77 crores. The stock opened at Rs 14.17 and reached a day high of Rs 14.17, while the day low was recorded at Rs 13.27. Currently, the last traded price stands at Rs 13.55.
Despite its active trading status, RattanIndia Power has underperformed its sector by 1.08% today, reflecting a 1D return of -2.22%. This decline is part of a broader trend, as the stock has experienced a consecutive fall over the last three days, resulting in a total drop of 11.8% during this period.

In terms of moving averages, the stock is currently above its 100-day and 200-day moving averages but below its 5-day, 20-day, and 50-day averages. Notably, investor participation has increased, with a delivery volume of 3.74 crore shares on July 24, marking an 85.65% rise compared to the 5-day average delivery volume. The stock's liquidity remains robust, accommodating trade sizes of Rs 2.51 crores based on 2% of the 5-day average traded value. Overall, RattanIndia Power's performance today reflects a mix of high trading activity and recent downward trends.