Why is Gita Renewable falling/rising?

Nov 18 2025 10:54 PM IST
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As of 18-Nov, Gita Renewable Energy Ltd's stock is priced at Rs 98.00, down 1.06% and underperforming with a 3.87% decline over the last two days. The stock is trading below all major moving averages and is close to its 52-week low, reflecting a bearish trend amidst significant underperformance compared to the Sensex.
As of 18-Nov, Gita Renewable Energy Ltd's stock is currently priced at Rs 98.00, reflecting a decrease of Rs 1.05 or 1.06%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 3.87% during this period. It opened with a loss of 2.07% today and reached an intraday low of Rs 97. The stock is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, it is close to its 52-week low, being only 1.38% away from Rs 96.65. Despite a significant increase in delivery volume by 154.77% against the 5-day average, the overall performance remains weak, with year-to-date returns down by 34.88% compared to a positive 8.36% for the Sensex.

In the broader market context, Gita Renewable's short-term performance has been notably poor, with a 1-week return of -2.44% compared to a positive return of 0.96% for the Sensex. This underperformance highlights a significant divergence from the broader market trends, which have been more favorable. The stock's long-term performance also shows a concerning trend, with a 1-year decline of 39.86% against the Sensex's gain of 9.48%. Overall, the combination of negative stock-specific factors and a lack of positive market sentiment contributes to the ongoing decline in Gita Renewable's stock price.
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