Why is Ramdevbaba Sol. falling/rising?
As of 12-Sep, Ramdevbaba Solvent Ltd's stock price is rising to 128.30, up 2.19%, and has outperformed its sector today. However, despite recent gains, its longer-term performance is lagging behind the Sensex, with declines over the past month and year-to-date.
As of 12-Sep, Ramdevbaba Solvent Ltd's stock price is rising, currently at 128.30, reflecting an increase of 2.75 or 2.19%. The stock has shown a strong performance today, outperforming its sector by 3.07%. It is trading above its 5-day, 20-day, 100-day, and 200-day moving averages, although it remains below the 50-day moving average. Despite this upward movement, there has been a notable decline in investor participation, with delivery volume dropping by 29.82% compared to the 5-day average. Over the past week, the stock has gained 5.16%, while it has experienced a decline of 4.25% over the past month and a year-to-date drop of 9.01%. However, it has performed well over the past year, with a return of 42.08%.In the broader market context, the Sensex has increased by 1.51% over the past week, indicating that Ramdevbaba Solvent Ltd has outperformed the benchmark during this period. However, the stock's performance over the last month and year-to-date is lagging behind the Sensex, which has gained 2.56% and 6.21%, respectively. This suggests that while the stock is currently experiencing a rise, its longer-term performance remains under pressure compared to the broader market trends.
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