Why is Rajgor Castor falling/rising?
As of 17-Sep, Rajgor Castor Derivatives Ltd's stock price is at 28.50, down 3.39%, with a significant drop in delivery volume and underperformance compared to its sector. Despite being above longer-term moving averages, it has declined 1.55% over the past week and 1.21% year-to-date, contrasting with the broader market's positive momentum.
As of 17-Sep, Rajgor Castor Derivatives Ltd is experiencing a decline in its stock price, currently at 28.50, reflecting a decrease of 1.0 or 3.39%. The stock has underperformed its sector by 3.77% today, and its delivery volume has significantly dropped by 48.72% compared to the 5-day average, indicating falling investor participation. Although the stock is trading higher than its 20-day, 50-day, 100-day, and 200-day moving averages, it is below its 5-day moving average. Over the past week, the stock has decreased by 1.55%, while it has seen a notable increase of 20.00% over the past month. However, its year-to-date performance shows a decline of 1.21%, and it has fallen 14.93% over the past year.Broader Market Context: In comparison to the benchmark Sensex, which has gained 1.43% over the past week and 2.84% over the past month, Rajgor Castor's recent performance has been lackluster. The Sensex has also shown a year-to-date increase of 7.13%, contrasting with Rajgor Castor's decline. This disparity suggests that while the broader market is experiencing positive momentum, Rajgor Castor is struggling to keep pace, which may be contributing to the stock's recent downward trend.
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