Why is Raconteur Global falling/rising?
As of 11-Jul, Raconteur Global Resources Ltd's stock price is at 13.15, down 4.01%, with significant underperformance over the past year and three years compared to the Sensex. Despite a recent positive return of 9.13% over the past month, the overall trend remains negative due to declining trading activity and investor confidence.
As of 11-Jul, Raconteur Global Resources Ltd is experiencing a decline in its stock price, currently at 13.15, which reflects a decrease of 0.55 or 4.01%. The stock has underperformed its sector today by 3.8%, and there has been erratic trading, with the stock not trading on 2 out of the last 20 days. Additionally, the delivery volume has significantly decreased by 66.67% compared to the 5-day average, indicating falling investor participation. In terms of returns, the stock has shown a negative performance over the past year, down 40.23%, and over the last three years, it has decreased by 33.75%, contrasting sharply with the benchmark Sensex, which has gained 51.67% in the same period.Broader market context indicates that while Raconteur Global has had a positive return of 9.13% over the past month, it is still underperforming compared to the Sensex, which has remained nearly flat at -0.02%. This short-term performance suggests that while there may have been some recovery recently, the overall trend remains negative when viewed in the longer term. The significant underperformance in both the one-year and three-year periods compared to the benchmark highlights the challenges the company faces in regaining investor confidence amidst declining trading activity and liquidity concerns.
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