Why is Raj Oil Mills falling/rising?
As of 18-Nov, Raj Oil Mills Ltd's stock price has declined to Rs 53.33, down 5.64%, and has underperformed its sector. Despite this, it remains above key moving averages and has seen a significant increase in investor participation, although its year-to-date performance lags behind the Sensex.
As of 18-Nov, Raj Oil Mills Ltd is experiencing a decline in its stock price, currently at Rs 53.33, which reflects a decrease of Rs 3.19 or 5.64%. Today's performance indicates that the stock has underperformed its sector by 5.87%, with an intraday low of Rs 52.8, marking a drop of 6.58%. Despite this decline, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting some underlying strength. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 318.96% compared to the 5-day average, indicating heightened interest in the stock. However, there are no positive or negative dashboard factors available to further clarify the reasons behind the stock's recent movement.In the broader market context, Raj Oil Mills has shown a positive return of 4.98% over the past week, outperforming the Sensex, which gained only 0.96% during the same period. However, the year-to-date performance of Raj Oil Mills at 2.56% lags behind the Sensex's 8.36%, and over the last three years, the stock has significantly underperformed with a decline of 10.60% compared to the Sensex's impressive gain of 37.31%. This disparity in performance may contribute to investor sentiment and the current downward pressure on the stock price.
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