Why is Retina Paints falling/rising?
As of 12-Sep, Retina Paints Ltd's stock price is at 74.50, showing a slight increase but underperforming in the short term with a 1-week return of -1.97%. Despite today's gain, the stock has a negative trend overall, with a year-to-date return of +1.57% and a decline of -7.45% over the past year compared to the Sensex.
As of 12-Sep, Retina Paints Ltd's stock price is currently at 74.50, reflecting an increase of 0.3, or 0.4%. The stock has shown a trend reversal, gaining after seven consecutive days of decline. Despite this uptick, the stock has underperformed in the short term, with a 1-week return of -1.97% compared to the Sensex's gain of +1.48%. Additionally, the stock's delivery volume has significantly decreased, falling by 54.55% against the 5-day average, indicating a drop in investor participation. The stock remains liquid enough for trading, as it is based on 2% of the 5-day average traded value.In the broader market context, Retina Paints' recent performance contrasts with the benchmark index, as it has lagged behind the Sensex over the past week and month. While the stock has a year-to-date return of +1.57%, it has still underperformed over the past year with a decline of -7.45%, while the Sensex has experienced a slight drop of -1.28%. This suggests that while there may be some positive movement today, the overall trend for Retina Paints has been negative compared to the broader market, reflecting ongoing challenges despite today's small gain.
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