Why is Remsons Ind. falling/rising?
As of 14-Nov, Remsons Industries Ltd's stock price is Rs 129.95, down 7.31% today and underperforming its sector. Despite a significant three-year gain of 157.07%, the stock has declined 11.18% year-to-date, contrasting with the Sensex's 8.22% gain.
As of 14-Nov, Remsons Industries Ltd is experiencing a decline in its stock price, currently at Rs 129.95, which reflects a decrease of Rs 10.25 or 7.31%. The stock has underperformed its sector by 7.36% today, following a trend reversal after three consecutive days of gains. It reached an intraday high of Rs 144.95 but also fell to a low of Rs 128.25, indicating high volatility with an intraday volatility of 8.12%. Over the past week, the stock has decreased by 6.81%, and year-to-date, it has dropped 11.18%, contrasting with the Sensex, which has gained 8.22% during the same period. The stock's performance has been mixed, with a significant increase of 157.07% over the past three years, but a decline of 14.76% over the past year.In the broader market context, the Sensex has shown a positive return of 1.62% over the past week, while Remsons Industries Ltd has faced a notable downturn. This divergence highlights the stock's struggles relative to the market, particularly as it has not kept pace with the benchmark's gains. Despite a rise in investor participation, indicated by a 25.01% increase in delivery volume, the stock's overall performance remains weak, suggesting that investor sentiment may be cautious amid the recent price fluctuations. The lack of positive factors in the dashboard further emphasizes the challenges the stock is facing in the current market environment.
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