Why is Rapid Multimodal falling/rising?
As of 03-September, Rapid Multimodal Logistics Ltd's stock price is at 65.10, down 0.99%, and has underperformed its sector by 2%. Despite a 3.17% gain over the past month, the stock has declined 33.30% over the past year, indicating company-specific issues rather than broader market influences.
As of 03-September, Rapid Multimodal Logistics Ltd's stock price is currently at 65.10, reflecting a decrease of 0.65, or 0.99%. The stock has underperformed its sector today by 2%, and it has shown erratic trading patterns, having not traded on 3 out of the last 20 days. In terms of performance, the stock has experienced a decline of 2.11% over the past week, while it has gained 3.17% over the past month. Year-to-date, the stock is up by 2.36%, but it has significantly underperformed over the past year with a decline of 33.30%. The stock's moving averages indicate that it is currently higher than the 50-day, 100-day, and 200-day averages, but lower than the 5-day and 20-day averages. There is no information available regarding positive or negative factors impacting the stock.Broader market context shows that the Sensex has declined by only 0.27% over the past week, indicating that Rapid Multimodal's short-term performance is lagging behind the benchmark. While the stock has outperformed the Sensex over the past month, its year-long performance is notably poor compared to the benchmark's decline of just 2.41%. This suggests that broader market conditions have not significantly influenced the stock's recent downturn, which may be attributed more to company-specific issues rather than overall market trends.
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