Why is Rikhav Securitie falling/rising?
As of 07-Jul, Rikhav Securities Ltd's stock price is at 62.00, down 0.45%, and has underperformed its sector with a total decline of 1.04% over the last two days. Despite trading above its 20-day moving average, it remains below other key averages, and while investor participation has increased, the stock's performance has been stagnant compared to the broader market.
As of 07-Jul, Rikhav Securities Ltd is experiencing a decline in its stock price, currently at 62.00, which reflects a decrease of 0.28 or 0.45%. The stock has underperformed its sector today, with a consecutive fall over the last two days resulting in a total decline of 1.04%. Although the stock is trading higher than its 20-day moving average, it remains below the 5-day, 50-day, 100-day, and 200-day moving averages. In terms of returns, the stock has decreased by 2.75% over the past week, while it has remained flat over the past month. There is a notable increase in investor participation, as evidenced by a 22.95% rise in delivery volume compared to the 5-day average, indicating some level of interest despite the recent price drop. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.Broader market context shows that the Sensex has experienced a slight decline of 0.20% over the past week, which suggests that the broader market is also facing challenges, albeit to a lesser extent than Rikhav Securities. The stock's performance over the past month has been stagnant, contrasting with the Sensex's gain of 1.53% during the same period. This underperformance relative to the benchmark may contribute to investor sentiment surrounding the stock, as it has not kept pace with the overall market trend.
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