Why is Refractory Shap. falling/rising?
As of 15-Jul, Refractory Shapes Ltd's stock price is at 58.00, down 1.69%, and has significantly underperformed its sector. Despite a recent monthly gain, the stock has a year-to-date decline of 38.95% and a 75.89% drop over the past year, reflecting ongoing challenges and negative investor sentiment.
As of 15-Jul, Refractory Shapes Ltd is experiencing a decline in its stock price, currently at 58.00, which represents a decrease of 1.0 or 1.69%. The stock has underperformed its sector by 2.47% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, investor participation has decreased, with a delivery volume of 3,000 shares on July 14, which is down by 31.82% compared to the 5-day average. The stock has shown a significant decline over the year, with a year-to-date drop of 38.95% and a staggering 75.89% decrease over the past year, indicating ongoing challenges for the company.In the broader market context, the Sensex has declined by 1.28% over the past week, while Refractory Shapes Ltd has fallen by 4.92%, indicating a more pronounced drop compared to the benchmark. Over the past month, however, the stock has outperformed the Sensex, gaining 3.94% against the benchmark's 1.93%. Despite this short-term positive performance, the long-term outlook remains bleak, as evidenced by the significant year-to-date and one-year declines, suggesting that investor sentiment is currently negative towards the stock.
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