Why is Gita Renewable falling/rising?

Sep 04 2025 10:04 PM IST
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As of 04-Sep, Gita Renewable Energy Ltd's stock price is Rs 111.90, down 2.7%, with a year-to-date decline of 25.65%. The stock is underperforming compared to the Sensex and shows a bearish trend, indicated by its position below key moving averages and decreased trading volume.
As of 04-Sep, Gita Renewable Energy Ltd is experiencing a decline in its stock price, currently at Rs 111.90, which reflects a decrease of Rs 3.1 or 2.7%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 3.53% during this period. Additionally, the stock's performance over the past month shows a decrease of 4.97%, while year-to-date it has dropped significantly by 25.65%. The stock's trading volume has also decreased, with a delivery volume on 03 Sep that was 49.49% lower than the 5-day average, indicating falling investor participation. There is no information available regarding positive or negative factors that could influence the stock's recent movement.

In the broader market context, the stock's short-term performance has been weaker compared to the benchmark, with the Sensex gaining 0.80% over the past week while Gita Renewable only increased by 0.36%. This underperformance is further highlighted by the stock's year-to-date decline of 25.65% compared to the Sensex's modest gain of 3.30%. The stock's moving averages indicate that it is currently lower than the 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the longer term. Overall, the combination of declining investor interest and weaker performance relative to the benchmark contributes to the stock's downward movement.
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