Why is Rajkot Inv.Trust falling/rising?

As of 15-Oct, Rajkot Investment Trust Ltd is experiencing a decline in its stock price, currently at Rs 40.50, which reflects a decrease of Rs 1.1 or 2.64%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 9.58% during this period. Despite opening with a 2% gain today and reaching an intraday high of Rs 42.43, it ultimately closed lower, indicating a lack of sustained buying interest. Additionally, the stock is trading below its moving averages across various time frames, suggesting a bearish trend. The delivery volume has also significantly decreased, indicating falling investor participation, which further contributes to the downward pressure on the stock.
In the broader market context, Rajkot Investment Trust's performance over the past week shows a decline of 7.85%, while the benchmark Sensex has gained 1.02%. This stark contrast highlights the stock's underperformance relative to the market. Over the past month, the stock has decreased by 4.71%, while the Sensex has risen by 1.00%. Year-to-date, Rajkot Investment Trust has seen a substantial decline of 36.52%, compared to a 5.72% increase in the Sensex, underscoring its struggle against broader market trends. Overall, the combination of negative stock-specific factors and a lack of positive momentum in the market contributes to the ongoing decline in Rajkot Investment Trust's stock price.