Why is Reliable Ventur. falling/rising?
As of 30-Sep, Reliable Ventures India Ltd is currently priced at 23.00, reflecting a 3.09% increase over the last four days, but has seen a decline in delivery volume, indicating potential challenges ahead. Year-to-date, it has underperformed the Sensex, despite a strong three-year return.
As of 30-Sep, Reliable Ventures India Ltd is experiencing a price increase, currently at 23.00, with a change of 0.69, representing a 3.09% rise. The stock has been gaining for the last four days, accumulating a total return of 7.93% during this period. Additionally, it has outperformed its sector by 3.55%. In terms of returns compared to the benchmark, over the past week, the stock has increased by 1.91%, while the Sensex has decreased by 2.23%. However, it is important to note that the delivery volume has fallen by 0.61% against the 5-day average, indicating a decline in investor participation, which could impact future price movements.Broader Market Context: In the context of the broader market, Reliable Ventures has shown a year-to-date return of 1.01%, which is lower than the Sensex's return of 2.72%. While the stock has performed well over the last three years with a return of 46.22% compared to the Sensex's 39.77%, its one-month performance shows a decline of 2.17%, contrasting with the Sensex's slight gain of 0.57%. This suggests that while the stock is currently rising, it faces challenges in maintaining momentum against the broader market trends.
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