Why is Rajeshwari Cans falling/rising?
As of 12-Nov, Rajeshwari Cans Ltd's stock price is Rs. 28.48, down 4.97% and at a new 52-week low, reflecting a 25.05% decline over the past six days. The stock has significantly underperformed the Sensex, with a year-to-date drop of 91.07% compared to the Sensex's 8.10% rise.
As of 12-Nov, Rajeshwari Cans Ltd is experiencing a decline in its stock price, currently at Rs. 28.48, which represents a decrease of 1.49 or 4.97%. The stock has hit a new 52-week low today and has been on a consecutive downward trend for the past six days, resulting in a total decline of 25.05% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent weakness. The delivery volume has also decreased by 15.49% compared to the 5-day average, suggesting falling investor participation. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.Broader market context shows that Rajeshwari Cans has significantly underperformed compared to the benchmark Sensex. Over the past week, the stock has dropped 21.11%, while the Sensex has gained 1.21%. In the last month, Rajeshwari Cans has declined by 19.46%, whereas the Sensex has increased by 2.38%. Year-to-date, the stock has plummeted by 91.07%, contrasting sharply with the Sensex's 8.10% rise. This stark difference in performance highlights the challenges faced by Rajeshwari Cans in the current market environment.
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