Why is Rajkamal Synth. falling/rising?
As of 12-Nov, Rajkamal Synthetics Ltd's stock price has declined to 37.99, down 26.93%, with erratic trading and underperformance compared to the Sensex, which has risen by 1.21% over the past week. The stock is trading below all major moving averages and has seen a year-to-date decline of 40.17%, indicating a lack of investor confidence.
As of 12-Nov, Rajkamal Synthetics Ltd is experiencing a decline in its stock price, currently at 37.99, reflecting a decrease of 14.0 points or 26.93%. The stock has shown erratic trading patterns, having not traded on 5 out of the last 20 days, and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, while there has been a notable increase in delivery volume by 196.21% against the 5-day average, the overall performance over the past month shows a decline of 13.66%, and year-to-date, the stock is down 40.17%. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, the Sensex has increased by 1.21% over the past week, contrasting with Rajkamal Synthetics' significant decline. Over the past month, while the benchmark index has risen by 2.38%, the stock's performance has been notably poor, indicating a lack of investor confidence compared to the overall market. This divergence suggests that the stock is underperforming relative to the broader market trends, contributing to its downward price movement.
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