Why is Rajoo Engineers falling/rising?
As of 06-Aug, Rajoo Engineers Ltd's stock price is declining at 107.15, down 0.33%, with a significant year-to-date drop of 54.48%. The stock is underperforming compared to the Sensex and shows reduced investor interest, indicating a bearish trend.
As of 06-Aug, Rajoo Engineers Ltd is experiencing a decline in its stock price, currently at 107.15, which represents a decrease of 0.35 or 0.33%. The stock has underperformed in the short term, with a 1-week return of -3.64% compared to the Sensex's -1.15%. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish trend. Investor participation has also decreased, with delivery volume falling by 37.28% against the 5-day average, suggesting reduced interest in the stock. 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, while Rajoo Engineers has faced significant declines year-to-date, down 54.48%, the Sensex has shown a modest gain of 3.08% during the same period. This stark contrast highlights the stock's struggles relative to the overall market performance. Despite outperforming its sector by 0.99% today, the overall negative returns over the past month and year indicate that the stock is not keeping pace with market trends, further contributing to its downward price movement.
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