Why is Rapid Multimodal falling/rising?
As of 10-Sep, Rapid Multimodal Logistics Ltd's stock price is Rs 64.50, down 1.53%, and has underperformed its sector by 1.87%. The stock has shown erratic trading, a significant drop in delivery volume, and a year-over-year decline of 21.34%, contrasting with the positive performance of the broader market.
As of 10-Sep, Rapid Multimodal Logistics Ltd is experiencing a decline in its stock price, currently at Rs 64.50, which represents a decrease of Rs 1.0 or 1.53%. Today's price summary indicates that the stock underperformed its sector by 1.87% and opened with a loss of 2.29%, reaching an intraday low of Rs 64. The stock has shown erratic trading patterns, not trading on 2 out of the last 20 days, and has seen a significant drop in delivery volume, which fell by 54.55% compared to the 5-day average. Over the past week, the stock has decreased by 0.92%, and it has also declined by 3.73% over the past month, while its year-to-date performance shows a modest increase of 1.42%. However, the stock has suffered a substantial decline of 21.34% over the past year.In the broader market context, the Sensex has performed positively, gaining 1.06% over the past week and 1.96% over the past month, contrasting with Rapid Multimodal's negative returns. Year-to-date, the Sensex has outperformed the stock, with a return of 4.21%. This disparity highlights the stock's underperformance relative to the benchmark, contributing to investor sentiment that may be driving the stock lower. The lack of positive factors in the provided data further emphasizes the challenges faced by Rapid Multimodal in the current market environment.
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