Why is Rexpro Enter. falling/rising?
As of 14-Nov, Rexpro Enterprises Ltd's stock price is Rs. 72.50, down 7.35%, and has reached a new low of Rs. 69. The stock is underperforming significantly compared to its sector and the broader market, with a negative return of 8.23% over the past week.
As of 14-Nov, Rexpro Enterprises Ltd is experiencing a decline in its stock price, currently at Rs. 72.50, which represents a decrease of Rs. 5.75 or 7.35%. The stock has underperformed significantly today, falling below its sector by 6.61%. Additionally, it has hit a new 52-week and all-time low of Rs. 69. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, investor participation has decreased, with a delivery volume of 4,000 shares on November 13, down 9.09% compared to the 5-day average. There is no information available regarding positive or negative factors that could influence the stock's recent movement.Broader Market Context: In the context of broader market performance, Rexpro Enterprises Ltd has shown a negative return of 8.23% over the past week, while the Sensex has gained 1.64% during the same period. Over the past month, the stock has declined by 11.59%, contrasting sharply with the Sensex's increase of 3.04%. This significant underperformance against the benchmark suggests that the stock is facing challenges that are not affecting the overall market positively, contributing to its downward price movement.
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