Why is Rex Sealing falling/rising?
As of 21-Aug, Rex Sealing & Packing Industries Ltd's stock price is Rs 200.50, down 6.74%, and has underperformed its sector by 7.86%. The stock has seen a significant drop in investor participation, with delivery volume down 92.96% compared to the 5-day average, while the broader market, represented by the Sensex, has increased by 1.74% over the past week.
As of 21-Aug, Rex Sealing & Packing Industries Ltd is experiencing a decline in its stock price, currently at Rs 200.50, which reflects a decrease of Rs 14.5 or 6.74%. Today's price summary indicates that the stock opened with a loss of 6.74% and has not traded above this price throughout the day. Additionally, the stock has underperformed its sector by 7.86%. The stock's performance over the past week shows a decline of 6.74%, while it has also decreased by 5.42% over the past month. Notably, there has been a significant drop in investor participation, with delivery volume falling by 92.96% compared to the 5-day average, indicating a lack of interest among investors. Unfortunately, the positive and negative factors dashboard is unavailable, which limits further insights into the stock's recent movements.Broader market context reveals that while Rex Sealing has declined in the short term, the benchmark Sensex has increased by 1.74% over the past week. This stark contrast highlights the stock's underperformance relative to the broader market. Year-to-date, Rex Sealing has shown a modest gain of 2.82%, but this is still below the Sensex's performance of 4.94% in the same period. The overall market conditions appear to favor the benchmark, further contributing to the downward pressure on Rex Sealing's stock price.
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