Why is Relic Tech. falling/rising?
As of 13-Oct, Relic Technologies Ltd's stock price is Rs 76.76, down 5.0%, and has underperformed its sector by 5.93%. Despite strong year-to-date returns, recent trading shows significant declines and negative investor sentiment.
As of 13-Oct, Relic Technologies Ltd is experiencing a decline in its stock price, currently at Rs 76.76, which represents a decrease of 4.04 (-5.0%). The stock has underperformed its sector by 5.93% today and opened with a loss of 4.7%. It reached an intraday low of Rs 76.76, and the trading volume has significantly decreased, with delivery volume falling by 95.08% against the 5-day average. Over the past week and month, the stock has seen declines of 6.39% and 8.62%, respectively, although it has shown impressive year-to-date and yearly returns of 231.86% and 413.44%. There is no information available regarding positive or negative factors that could be influencing the stock's recent movement.Broader Market Context: In comparison to the benchmark Sensex, which has gained 0.66% over the past week and 0.52% over the past month, Relic Technologies Ltd's performance has been notably weaker. The stock's significant drop today and over the past week contrasts sharply with the overall market trend, indicating that investor sentiment towards Relic Technologies is currently negative, despite its strong long-term performance.
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