Why is Reliable Ventur. falling/rising?
As of 19-Sep, Reliable Ventures India Ltd's stock price is Rs 23.01, down 4.92% and has declined 7.96% over the last two days, indicating a bearish trend with significantly decreased delivery volume. Despite a positive year-to-date performance of 1.05%, the stock is underperforming compared to the broader market, which has seen gains.
As of 19-Sep, Reliable Ventures India Ltd is experiencing a decline in its stock price, currently at Rs 23.01, which reflects a decrease of 1.19 (-4.92%). The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 7.96% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also significantly decreased, dropping by 98.23% compared to the 5-day average, suggesting a lack of investor interest. Over the past week, the stock has declined by 4.16%, while its performance over the last month shows a more substantial drop of 11.16%. In the broader market context, the Sensex has shown a positive return of 0.88% over the past week and 1.20% over the past month, contrasting sharply with Reliable Ventures' negative performance. This indicates that while the overall market is experiencing gains, Reliable Ventures is lagging behind significantly. The stock's year-to-date performance remains positive at 1.05%, but the recent trends suggest a weakening position relative to the benchmark. The lack of positive factors in the provided data further emphasizes the challenges the company is facing in the current market environment.
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