Why is Raconteur Global falling/rising?
As of 17-Sep, Raconteur Global Resources Ltd's stock price is 13.50, up 1.89%, but has shown erratic trading and a 41.05% decline over the past year. Despite recent short-term gains, its long-term performance is concerning compared to the Sensex, which has risen 5.83% year-to-date.
As of 17-Sep, Raconteur Global Resources Ltd's stock price is currently at 13.50, reflecting an increase of 0.25 or 1.89%. The stock has shown erratic trading patterns, having not traded on three days out of the last twenty. Despite this, it has outperformed its sector by 3.08% today. However, the stock's delivery volume has decreased by 13.04% compared to the five-day average, indicating a decline in investor participation. Over the past week, the stock has decreased by 3.91%, while it has gained 2.58% over the last month. Year-to-date, it has risen significantly by 16.38%, although it has experienced a substantial decline of 41.05% over the past year.In the broader market context, the Sensex has increased by 1.56% over the past week and 2.60% over the past month, suggesting that the stock's recent decline is not reflective of the overall market trend. Year-to-date, the Sensex has only risen by 5.83%, which highlights Raconteur's strong performance relative to the benchmark during this period. However, the stock's long-term performance is concerning, with a decline of 51.61% over the past three years compared to a 40.54% increase in the Sensex. This stark contrast indicates that while the stock may have short-term gains, its long-term trajectory remains troubling, contributing to the overall perception of volatility and risk among investors.
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