Why is Reliable Ventur. falling/rising?
As of 24-Sep, Reliable Ventures India Ltd's stock price is Rs 21.31, down 5.58% and has declined 13.55% over the last two days. The stock is underperforming its sector and benchmark index, trading below all key moving averages, indicating a bearish trend with no significant positive catalysts.
As of 24-Sep, Reliable Ventures India Ltd is experiencing a decline in its stock price, currently at Rs 21.31, which reflects a decrease of Rs 1.26 or 5.58%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 13.55% during this period. Additionally, it has underperformed its sector by 4.73% today. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a significant increase in delivery volume by 494.72% against the 5-day average, the overall performance remains weak, with a year-to-date decline of 6.41% compared to a 4.58% gain in the benchmark index.In the broader market context, the stock's short-term performance has been notably poor, with a 1-week decline of 14.76% compared to a minimal drop of 1.18% in the Sensex. Over the past month, Reliable Ventures has decreased by 16.27%, while the benchmark has shown a slight increase of 0.50%. This stark contrast highlights the stock's struggles relative to the market. The lack of positive factors in the provided data suggests that there are no significant catalysts currently supporting the stock's price, contributing to its downward trajectory amidst a generally stable market environment.
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