Why is Radix Industries falling/rising?
As of 23-Sep, Radix Industries (India) Ltd's stock price is Rs 193.10, down 3.67%, following a decline after four days of gains. Despite recent underperformance, the stock has generated a 14.63% return over the past year and outperformed the BSE500 in the last three annual periods, although it is currently experiencing a temporary setback.
As of 23-Sep, Radix Industries (India) Ltd is experiencing a decline in its stock price, currently at Rs 193.10, which reflects a decrease of Rs 7.35 or 3.67%. Today's price summary indicates that the stock has underperformed its sector by 3.42% and has fallen after four consecutive days of gains. It opened with a loss of 3.72% and reached an intraday high of Rs 210.45 before dropping to a low of Rs 193. Despite this decline, the stock has shown consistent returns over the past year, generating a 14.63% return and outperforming the BSE500 in each of the last three annual periods. The stock is also trading above its moving averages, indicating a generally positive trend, although recent performance suggests a reversal.In the broader market context, Radix Industries has outperformed the Sensex over the past week with a return of 8.76% compared to the benchmark's slight decline of 0.34%. However, the year-to-date performance shows the stock lagging behind the Sensex, with a return of 0.91% versus the benchmark's 5.07%. The recent decline may be attributed to profit-taking after a strong performance, as indicated by the significant rise in delivery volume prior to this drop. Overall, while the stock has shown strong historical performance, the current market conditions and recent price movements suggest a temporary setback.
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