Why is Ramco Inds. falling/rising?
As of 08-Aug, Ramco Industries Ltd's stock price is Rs 288.00, down 2.42%, and has underperformed its sector today. Despite a year-to-date return of 5.80%, recent declines in stock price and delivery volume suggest decreased investor interest.
As of 08-Aug, Ramco Industries Ltd is experiencing a decline in its stock price, currently at Rs 288.00, which reflects a decrease of Rs 7.15 or 2.42%. The stock has underperformed its sector by 1.78% today and has been on a downward trend for the last two days, accumulating a total drop of 3%. Additionally, the stock's performance over the past week shows a modest increase of 1.75%, but it has lagged behind the benchmark Sensex, which has decreased by 0.92%. The stock's delivery volume has also seen a significant drop of 58.02% compared to the five-day average, indicating a decrease in investor participation.In the broader market context, while Ramco Industries has shown positive returns over longer periods, such as a 22.87% increase over the past year, its recent performance contrasts with the benchmark's overall trend. The Sensex has gained 2.20% year-to-date, while Ramco's year-to-date return is 5.80%. This suggests that despite the recent decline, the stock has outperformed the benchmark in the longer term. However, the current liquidity situation, with the stock being liquid enough for trades of Rs 0.21 crore, indicates that while it remains tradable, the recent drop in investor interest could be contributing to the stock's current downward movement.
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