Why is Riddhi Siddhi Gl falling/rising?
As of 20-Oct, Riddhi Siddhi Gluco Biols Ltd's stock price is Rs 538.00, down 3.32%, and has underperformed its sector. The stock has declined significantly year-to-date by 15.80%, contrasting with the Sensex's gain of 7.97%.
As of 20-Oct, Riddhi Siddhi Gluco Biols Ltd is experiencing a decline in its stock price, currently at Rs 538.00, which reflects a decrease of Rs 18.5 or 3.32%. The stock has underperformed its sector by 3.18% today and has fallen after two consecutive days of gains. It opened with a loss of 2.55% and reached an intraday low of Rs 520.4, marking a decline of 6.49%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 1.00%, and it has shown a significant decline of 15.80% year-to-date, contrasting sharply with the Sensex, which has gained 7.97% during the same period. There is no information available regarding positive or negative factors impacting the stock.Broader Market Context: In the short term, Riddhi Siddhi Gluco Biols Ltd's performance has lagged behind the benchmark Sensex, which has increased by 2.47% over the past week while the stock itself has declined. This underperformance is indicative of broader market trends, where the stock has not only fallen in the short term but also over the past month and year, with respective declines of 7.23% and 13.24%. The rising investor participation, as evidenced by a 32.71% increase in delivery volume on October 17, suggests some interest in the stock, but overall market sentiment appears to be unfavorable, contributing to its recent price decline.
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