Why is Ramgopal Polytex falling/rising?
As of 30-Sep, Ramgopal Polytex Ltd's stock price is 5.41, down 2.17%, and has fallen 6.88% over the last two days. The stock is trading below all major moving averages, indicating a bearish trend, and has underperformed significantly compared to the Sensex over the past month and year-to-date.
As of 30-Sep, Ramgopal Polytex Ltd is experiencing a decline in its stock price, currently at 5.41, which reflects a decrease of 0.12 or 2.17%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 6.88% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, with a 27.5% drop compared to the 5-day average, suggesting reduced investor participation. There are no positive or negative factors available to provide further context on the stock's recent movement.In the broader market context, the stock's performance over the past week shows a decline of 2.17%, which is slightly better than the benchmark Sensex's decline of 2.23%. However, over the past month, Ramgopal Polytex has underperformed significantly, with a drop of 9.53% compared to the Sensex's modest gain of 0.57%. Year-to-date, the stock is down 5.91%, contrasting with the Sensex's increase of 2.72%. This underperformance relative to the benchmark indicates a challenging environment for Ramgopal Polytex, contributing to the downward pressure on its stock price.
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