Why is Reetech Intl falling/rising?
As of 04-Jul, Reetech International Cargo & Courier Ltd's stock price is 39.12, down 1.91% and has declined 5.78% over the past week. The stock has underperformed its sector and the broader market, with significant year-to-date and one-year declines, indicating ongoing challenges for the company.
As of 04-Jul, Reetech International Cargo & Courier Ltd's stock price is currently at 39.12, reflecting a decrease of 0.76, or 1.91%. The stock has been underperforming, having fallen for the last three consecutive days, resulting in a total decline of 5.78% over the past week. Additionally, the stock's performance today has underperformed its sector by 1.89%. The delivery volume has also decreased significantly, with a drop of 16.67% against the 5-day average, indicating falling investor participation. In terms of returns, the stock has experienced a year-to-date decline of 19.31% and a one-year decline of 15.23%, which suggests ongoing challenges for the company.Broader Market Context: In comparison to the benchmark Sensex, which has seen a modest increase of 3.01% over the past month, Reetech's stock has performed significantly better with a 17.97% increase in the same period. However, the stock's year-to-date performance is starkly negative, contrasting with the Sensex's positive return of 6.77%. This divergence highlights the stock's recent struggles despite a brief recovery in the last month, suggesting that broader market conditions may not be favoring Reetech at this time.
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