Why is Raghunath Intl. falling/rising?
As of 04-September, Raghunath International Ltd's stock price is 13.89, down 0.79%, with a significant drop in investor participation and mixed performance over various time frames. The stock is underperforming compared to the broader market, which has seen gains, indicating a potential ongoing decline.
As of 04-September, Raghunath International Ltd's stock price is currently at 13.89, reflecting a decline of 0.11 or 0.79%. The stock's performance today is described as inline with the sector, although it is experiencing a significant drop in investor participation, with delivery volume falling by 70.2% compared to the 5-day average. In terms of returns, the stock has shown a mixed performance: it is down 4.21% over the past week and 21.92% year-to-date, but it has gained 16.04% over the past year. The stock is currently trading higher than its 50-day and 100-day moving averages, yet it remains below its 5-day, 20-day, and 200-day moving averages.In the broader market context, the Sensex has increased by 0.80% over the past week, contrasting with Raghunath International Ltd's decline. This underperformance in the short term suggests that the stock is not keeping pace with the overall market trend. While the stock has shown positive returns over the past month, its year-to-date performance indicates a significant lag behind the benchmark, which has gained 3.30% in the same period. This combination of declining investor interest and relative underperformance against the benchmark may be contributing to the stock's current downward movement.
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