Why is Rajnish Wellness falling/rising?
As of 28-Oct, Rajnish Wellness Ltd's stock price is declining at 0.83, down 1.19%, and has underperformed its sector by 0.64%. The stock has seen a year-to-date drop of 41.96% and a 67.32% decline over the past year, contrasting sharply with the benchmark Sensex's gains.
As of 28-Oct, Rajnish Wellness Ltd is experiencing a decline in its stock price, currently at 0.83, which reflects a decrease of 0.01 or 1.19%. The stock has underperformed its sector by 0.64% today and has been on a downward trend for the last two days, with a total decline of 3.49% in this period. Additionally, the stock has shown significant underperformance over various time frames, with a year-to-date drop of 41.96% and a staggering 67.32% decline over the past year. Despite a rise in delivery volume by 38.77% on 27 October, indicating increased investor participation, the stock is trading below its moving averages across multiple time frames, suggesting a bearish sentiment.In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has gained 0.24% over the past week and 5.22% over the past month. This indicates that while the market is generally experiencing positive momentum, Rajnish Wellness is struggling significantly, as evidenced by its substantial losses compared to the benchmark's gains. The stark difference in performance highlights the challenges faced by Rajnish Wellness Ltd in attracting investor confidence amidst a rising market.
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