Why is Rajputana Bio. falling/rising?
As of 10-Sep, Rajputana Biodiesel Ltd is priced at 270.50, showing a slight decline and underperforming its sector. Despite a strong monthly increase of 21.30%, the stock has declined year-to-date by 13.62%, indicating potential short-term weakness amidst broader market gains.
As of 10-Sep, Rajputana Biodiesel Ltd is currently priced at 270.50, reflecting a decrease of 0.5, or 0.18%. The stock has underperformed its sector today by 0.76%, and the delivery volume has dropped significantly, falling by 28.57% compared to the 5-day average. Despite being higher than the 20-day, 50-day, 100-day, and 200-day moving averages, it is lower than the 5-day moving average, indicating a potential short-term weakness. Over the past week, the stock has declined by 1.02%, while it has shown a notable increase of 21.30% over the past month. However, year-to-date, it has underperformed with a decline of 13.62%. 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 1.04% over the past week, contrasting with Rajputana Biodiesel's decline. This suggests that while the overall market is experiencing upward momentum, Rajputana Biodiesel is lagging behind. The stock's performance over the last month is significantly better than the benchmark, which has only risen by 2.50%, indicating that the recent decline may be a correction after a strong month rather than a reflection of broader market trends.
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