Why is Reliance Home falling/rising?
As of 19-Nov, Reliance Home Finance Ltd's stock price is at 3.16, down 4.24% and has fallen 9.2% over the last three days. The stock is underperforming compared to the broader market, with significant declines in both short-term and year-to-date returns.
As of 19-Nov, Reliance Home Finance Ltd is experiencing a decline in its stock price, currently at 3.16, which reflects a decrease of 0.14 or 4.24%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 9.2% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock's performance over the past week shows a significant decline of 10.99%, while its year-to-date return is down by 21.98%. There is also a notable decrease in investor participation, with delivery volume falling by 42.77% compared to the 5-day average, indicating reduced interest in trading the stock.In the broader market context, the Sensex has shown a positive return of 0.85% over the past week, contrasting sharply with Reliance Home's negative performance. The finance and housing sector, to which Reliance Home belongs, has also seen a decline of 2.91%, contributing to the stock's downward trend. While the stock has a positive return of 3.95% over the past year, its longer-term performance remains concerning, with a 3-year decline of 15.28% compared to the Sensex's gain of 38.15%. This disparity highlights the challenges faced by Reliance Home Finance Ltd in the current market environment.
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