Why is Raj Oil Mills falling/rising?

Oct 07 2025 10:00 PM IST
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As of 07-Oct, Raj Oil Mills Ltd's stock price has declined to Rs 56.60, down 7.24%, after three days of gains, despite positive returns over the past week, month, and year. The recent drop indicates a short-term correction, diverging from the broader positive trend in the solvent extraction sector.
As of 07-Oct, Raj Oil Mills Ltd is experiencing a decline in its stock price, currently at Rs 56.60, which reflects a decrease of Rs 4.42 or 7.24%. The stock has underperformed its sector by 11.43% today and has seen a trend reversal after three consecutive days of gains. It touched an intraday low of Rs 56.16, indicating a significant drop of 7.96%. Despite this decline, the stock has shown positive returns over the past week, month, and year, with increases of 15.98%, 20.04%, and 15.04%, respectively. Notably, Raj Oil Mills is trading above its moving averages across various time frames, suggesting some underlying strength, although the recent performance indicates a pullback. There is no information available regarding positive or negative factors that could have influenced this movement.

Broader Market Context: In comparison to the benchmark Sensex, which has gained 2.07% over the past week, Raj Oil Mills has outperformed with a return of 15.98%. However, the current decline suggests a short-term correction despite the strong performance in the longer term. The solvent extraction sector has gained by 4.16%, indicating a favorable environment for the industry, yet Raj Oil Mills' significant drop today highlights a divergence from this broader positive trend. The rising investor participation, with a notable increase in delivery volume, may suggest that while there is interest in the stock, the recent price action reflects a temporary setback rather than a fundamental weakness.
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