Why is Rachana Infra. falling/rising?
As of 15-Sep, Rachana Infrastructure Ltd's stock price is at 36.20, down 0.55%, and has significantly underperformed its sector and the broader market, with a year-to-date decline of 17.45% and a 92.82% drop over the past three years. The stock's performance is concerning, reflecting decreased investor participation and unfavorable comparisons to the Sensex.
As of 15-Sep, Rachana Infrastructure Ltd's stock price is currently at 36.20, reflecting a decrease of 0.2, or 0.55%. The stock has underperformed its sector today by 1.48%, and while it is higher than the 20-day moving average, it remains lower than the 5-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant decline in investor participation, with delivery volume dropping by 56.39% compared to the 5-day average. Over the past week, the stock has decreased by 0.41%, while it has shown a modest gain of 6.16% over the past month. However, the year-to-date performance is concerning, with a decline of 17.45%, and a staggering drop of 40.36% over the past year.In the broader market context, the Sensex has increased by 1.20% over the past week and 1.78% over the past month, indicating that Rachana Infrastructure Ltd is lagging behind the benchmark. Year-to-date, while the Sensex has gained 6.02%, Rachana's significant decline of 17.45% highlights its underperformance relative to the market. The stock's long-term performance is also troubling, with a 92.82% drop over the past three years compared to a 40.23% rise in the Sensex. This stark contrast suggests that broader market conditions are favoring other investments, contributing to the downward pressure on Rachana Infrastructure Ltd's stock price.
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