Why is Guj. Raffia Inds falling/rising?

Aug 05 2025 10:26 PM IST
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As of 05-Aug, Gujarat Raffia Industries Ltd's stock price is Rs 37.81, down 3.35%, and has significantly underperformed its sector and the broader market. The stock is in a bearish trend, trading below all moving averages, with a year-to-date decline of 63.66% and sharply reduced investor interest.
As of 05-Aug, Gujarat Raffia Industries Ltd is experiencing a decline in its stock price, currently at Rs 37.81, which represents a decrease of Rs 1.31 or 3.35%. The stock has underperformed its sector by 3.74% today, opening with a loss of 4.06% and reaching an intraday low of Rs 37.52. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 2.98%, and it has seen a significant year-to-date decline of 63.66%. The delivery volume has also fallen sharply, down 54.8% compared to the 5-day average, suggesting reduced investor interest.

In the broader market context, the Sensex has only declined by 0.77% over the past week, indicating that Gujarat Raffia Industries Ltd's performance is significantly worse than the overall market. While the stock has shown some positive returns over the longer term, such as a 20.41% increase over three years, its recent performance starkly contrasts with the benchmark's 3.29% gain year-to-date. This divergence highlights the challenges faced by Gujarat Raffia Industries Ltd, particularly in light of its erratic trading patterns and falling investor participation.
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