Why is Riddhi Corporate falling/rising?

Aug 28 2025 10:23 PM IST
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As of 28-Aug, Riddhi Corporate Services Ltd is priced at 70.00, down 0.86%. Despite positive quarterly results and an attractive valuation, the stock has underperformed recently, influenced by broader market declines and reduced investor participation.
As of 28-Aug, Riddhi Corporate Services Ltd is currently priced at 70.00, reflecting a decrease of 0.61, or 0.86%. The stock has shown a performance today that outperformed its sector by 2.24%. However, it has experienced a decline of 3.21% over the past week and a year-to-date drop of 3.31%. Despite this, the company has reported positive results over the last four consecutive quarters, with a significant growth in profit after tax and a favorable return on capital employed. The stock is trading at a discount compared to its peers, and its PEG ratio indicates an attractive valuation, which may provide some support against the recent price decline.

In the broader market context, the Sensex has fallen by 2.34% over the past week, indicating that Riddhi Corporate's decline is more pronounced than the benchmark. The BPO/ITeS sector, in which Riddhi operates, has also seen a downturn of 3.04%. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping significantly. This combination of sector performance, reduced trading activity, and the stock's underperformance over the longer term, despite positive financial indicators, suggests that the stock's recent price movement is influenced by both company-specific factors and broader market conditions.
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