Why is Reetech Intl falling/rising?
As of 18-Sep, Reetech International Ltd's stock price is Rs 25.00, down 3.85%, and has declined 8.42% over the last two days. The stock has significantly underperformed the market, with year-to-date losses of 48.43% compared to the Sensex's gain of 6.24%.
As of 18-Sep, Reetech International Ltd is experiencing a decline in its stock price, currently at Rs 25.00, which reflects a decrease of Rs 1.0 or 3.85%. The stock has underperformed its sector by 3.57% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 8.42% during this period. Additionally, the stock has shown significant underperformance over the past week and month, with returns of -13.76% and -26.04%, respectively. It is also trading below all major moving averages, indicating a bearish trend. Furthermore, there has been a notable decrease in investor participation, with delivery volume falling by 23.08% compared to the five-day average, contributing to the stock's downward momentum.In the broader market context, the Sensex has shown a positive return of 1.80% over the past week and 2.14% over the past month, contrasting sharply with Reetech's significant declines. This disparity highlights the stock's struggles relative to the overall market performance, where it has underperformed not only in the short term but also year-to-date, with a staggering decline of 48.43% compared to the Sensex's gain of 6.24%. The lack of positive factors in the dashboard further emphasizes the challenges faced by Reetech International Ltd, as it continues to navigate a difficult trading environment.
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