Why is Ratnaveer Precis falling/rising?
As of 13-Jun, Ratnaveer Precision Engineering Ltd's stock price is 161.55, down 1.82%. Despite a short-term gain of 2.80% over the past week, the stock has a year-to-date decline of 13.98%, indicating overall poor performance.
As of 13-Jun, Ratnaveer Precision Engineering Ltd's stock price is currently at 161.55, reflecting a decrease of 3.0, or 1.82%. The stock has been underperforming recently, having lost 6.13% over the last three days and opened today with a loss of 2.28%. It touched an intraday low of Rs 158.3, which is a decline of 3.8%. Additionally, the stock has shown mixed performance in the past week, gaining 2.80%, but it has a year-to-date decline of 13.98%. The delivery volume has also decreased significantly, falling by 41.06% compared to the five-day average, indicating a drop in investor participation. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, Ratnaveer Precision Engineering Ltd has outperformed the Sensex in the short term, with a 1-week return of 2.80% compared to the Sensex's decline of 1.30%. However, over the longer term, the stock's year-to-date performance is notably poor, contrasting with the Sensex's gain of 3.81%. This suggests that while the stock has had some short-term resilience, its overall performance this year has been lackluster, contributing to the current downward trend in its price.
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