Why is Raconteur Global falling/rising?
As of 12-Nov, Raconteur Global Resources Ltd's stock price is Rs 14.00, down 6.67%, reflecting a significant decline of 33.59% over the past year. Despite a recent positive return of 9.37% over the past week, the stock has underperformed its sector and the benchmark, indicating cautious investor sentiment.
As of 12-Nov, Raconteur Global Resources Ltd is experiencing a decline in its stock price, currently at Rs 14.00, which reflects a decrease of 1.0 (-6.67%). The stock has been underperforming, having lost 7.16% over the last two days and has shown erratic trading patterns, not trading on 2 out of the last 20 days. Despite opening with a gain of 5% today and reaching an intraday high of Rs 15.75, it ultimately fell to its day's low of Rs 14. The stock's performance over the past week shows a positive return of 9.37%, but it has significantly underperformed over the past year, with a decline of 33.59%. The stock is currently trading higher than its 5-day, 20-day, 50-day, and 100-day moving averages, but lower than its 200-day moving average. There is a notable increase in delivery volume, which rose by 169.23% against the 5-day average, indicating rising investor participation.In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has gained 1.21% over the past week. While the film production, distribution, and entertainment sector has seen a rise of 6.72%, Raconteur Global's performance is not aligned with this positive trend, as it has underperformed its sector by 14.25%. The stock's high volatility, with an intraday volatility of 5.85%, further contributes to the uncertainty surrounding its price movements. Overall, the combination of recent losses, underperformance relative to both the sector and the benchmark, and high volatility suggests that investor sentiment may be cautious, leading to the stock's current decline.
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