Reliance Industrial Infrastructure Hits 52-Week Low Amid Significant Stock Decline
Reliance Industrial Infrastructure's stock reached a new 52-week low today, reflecting a significant downturn. The stock has declined consecutively over the past four days and is currently trading below all major moving averages. Over the past year, it has decreased substantially compared to the Sensex's gains.
Reliance Industrial Infrastructure has experienced significant activity today, reaching a new 52-week low with its stock price hitting Rs. 993.45. This decline represents a notable downturn for the company, which has underperformed its sector by 0.81% today. Over the past four days, the stock has seen a consecutive decline totaling 10.21%.In today's trading session, the stock touched an intraday low of Rs. 993.45, reflecting a decrease of 4.17%. The stock has shown high volatility, with an intraday volatility rate of 14.22%. Currently, Reliance Industrial Infrastructure is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.
From an annual perspective, the stock has declined by 32.87% over the past year, contrasting sharply with the Sensex, which has gained 5.77% during the same timeframe.
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