Why is Rajputana Bio. falling/rising?
As of 17-Sep, Rajputana Biodiesel Ltd is currently priced at 289.50, reflecting a 5.91% increase, and has outperformed its sector today. Despite a decline in investor participation, the stock has shown a significant monthly gain of 25.32%, although it remains down 7.55% year-to-date.
As of 17-Sep, Rajputana Biodiesel Ltd is experiencing a price increase, currently at 289.50, reflecting a rise of 16.15 or 5.91%. The stock has outperformed its sector today by 4.92%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 55.13% compared to the 5-day average. In terms of returns, the stock has shown a significant increase of 25.32% over the past month, while it has underperformed year-to-date with a decline of 7.55%.In the broader market context, Rajputana Biodiesel's short-term performance of 7.02% over the past week significantly outpaces the Sensex, which has only increased by 1.43% in the same period. This strong relative performance suggests that the stock is gaining traction among investors despite its year-to-date underperformance compared to the benchmark. The liquidity of the stock remains adequate for trading, which may also contribute to its rising price as investors find it easier to buy and sell shares.
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