Why is Raj Oil Mills falling/rising?
As of 31-Oct, Raj Oil Mills Ltd's stock price is Rs 51.60, down 2.09% after two days of gains, with a significant drop in delivery volume. Despite outperforming its sector over the past month, it has a negative return of -6.34% over the past week, reflecting declining investor participation and broader market challenges.
As of 31-Oct, Raj Oil Mills Ltd is experiencing a decline in its stock price, currently at Rs 51.60, which represents a decrease of Rs 1.1 or 2.09%. The stock has fallen after two consecutive days of gains, touching an intraday low of Rs 51.15. Additionally, the stock's performance today has outperformed its sector by 2.08%, but it is important to note that the stock has a negative return of -6.34% over the past week, while it has shown a positive return of 4.60% over the past month. The delivery volume has significantly decreased, falling by 76.08% against the 5-day average, indicating a drop in investor participation. There is no information available regarding positive or negative factors that could influence the stock's recent movement.Broader market context shows that while Raj Oil Mills has underperformed the benchmark Sensex in the year-to-date and three-year periods, it has outperformed it over the past month. The Sensex has gained 3.65% in the last month, while Raj Oil Mills has increased by 4.60%. However, the broader sector, solvent extraction, has declined by 4.17%, which may be impacting investor sentiment negatively. Overall, the combination of falling investor participation, sector performance, and recent price movements contributes to the stock's current decline.
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