Why is Reliable Ventur. falling/rising?
As of 10-Sep, Reliable Ventures India Ltd's stock price is Rs 23.41, up 4.93% today, with a two-day total return of 10.16%. Despite recent gains, the stock has underperformed over the past month and year, indicating challenges in maintaining consistent long-term performance.
As of 10-Sep, Reliable Ventures India Ltd is experiencing a rise in its stock price, currently at Rs 23.41, reflecting an increase of Rs 1.1 or 4.93%. The stock has shown a strong performance today, outperforming its sector by 5.3% and achieving a consecutive gain over the last two days with a total return of 10.16%. It opened with a gap up of 4.98% and reached an intraday high of Rs 23.42. However, it also faced a wide trading range, with a low of Rs 21.2, and there has been a notable decline in investor participation, with delivery volume dropping by 97.86% compared to the 5-day average. The stock's performance over the past week shows a gain of 5.78%, although it has underperformed over the past month with a decline of 18.15%.In the broader market context, the stock's recent short-term performance has significantly outpaced the benchmark Sensex, which only increased by 1.06% over the same week. Year-to-date, Reliable Ventures has gained 2.81%, while the Sensex has risen by 4.21%. Despite the recent positive momentum, the stock's longer-term performance reveals a decline of 6.10% over the past year, contrasting with the Sensex's slight drop of 0.61%. This suggests that while the stock is currently rising, it has faced challenges in maintaining consistent performance over a longer timeframe.
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