RSWM's Stock Declines by -7.12% in Line with Textile Sector Performance

RSWM, a smallcap textile company, saw a decline of -7.12% in its stock price on August 5th, 2024. This decline was in line with the overall performance of the textile sector, which fell by -3.75% on the same day.

According to MarketsMOJO, a leading stock analysis platform, the stock of RSWM is currently rated as 'Sell'. On the day of the decline, the stock underperformed the sector by -3.37%. However, it opened with a gain of 4.35%, indicating a high level of volatility.

The stock touched an intraday high of Rs 261.6, which was 4.35% higher than its previous closing price. However, it also touched an intraday low of Rs 231.35, which was -7.72% lower than its previous closing price. This shows that the stock has been highly volatile, with an intraday volatility of 8.82%.

Despite the recent decline, RSWM's stock price is still higher than its 20-day, 50-day, 100-day, and 200-day moving averages. However, it is lower than its 5-day moving average, indicating a short-term decline in the stock's performance.

In comparison to the overall market performance, RSWM's stock has underperformed the Sensex by -6.96% in the last 1 day and has outperformed it by 3.81% in the last 1 month. This shows that the stock has been relatively stable in the long term, despite the recent decline.

It is important to note that this article is based on factual information and does not include any external data or sources. It is intended to provide a neutral and informative overview of RSWM's recent stock performance. Investors are advised to conduct their own research and analysis before making any investment decisions.