Why is Refractory falling/rising?
As of 24-Jun, Refractory Shapes Ltd's stock price is rising to 56.35, reflecting a 3.21% increase today, outperforming its sector. However, it has significant long-term declines of -19.33% over the past month and -77.06% over the past year.
As of 24-Jun, Refractory Shapes Ltd's stock price is rising, currently at 56.35, with a change of 1.75, representing a 3.21% increase. The stock has outperformed its sector by 4.12% today, and there has been a notable increase in investor participation, with delivery volume rising by 61.76% compared to the 5-day average. However, while the stock has shown a positive movement today, it has experienced significant declines over the past month and year, with returns of -19.33% and -77.06%, respectively. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.Broader Market Context: In comparison to the benchmark, the Sensex has returned +0.77% over the past week, while Refractory Shapes Ltd has outperformed this with a return of +3.21%. This indicates that the stock's recent rise is not only a result of its own performance but also reflects a stronger short-term recovery relative to the broader market. Despite the positive short-term performance, the stock's long-term returns remain concerning, with a year-to-date decline of -40.68%, contrasting sharply with the Sensex's gain of +5.92% during the same period.
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