Why is Rikhav Securitie falling/rising?
As of 16-Sep, Rikhav Securities Ltd is priced at 69.00 with no change, underperforming its sector by 0.28%. While it has seen increased investor participation and a 3.59% rise over the past week, it has declined 7.20% over the past month, indicating struggles to maintain momentum against broader market trends.
As of 16-Sep, Rikhav Securities Ltd is currently priced at 69.00, showing no change (0.00%). The stock has underperformed its sector by 0.28% today. Despite this, it has seen a rise in investor participation, with a delivery volume of 17.6k on 15 September, which is an increase of 48.65% compared to the 5-day average. In terms of returns, the stock has increased by 3.59% over the past week but has decreased by 7.20% over the past month. The stock is currently higher than its 5-day, 50-day, and 100-day moving averages but lower than its 20-day and 200-day moving averages. There are no available positive or negative factors to further explain the stock's recent movement.In the broader market context, Rikhav Securities' short-term performance over the past week has outpaced the benchmark Sensex, which has only increased by 1.58% during the same period. However, the stock's month-to-date performance is concerning, as it has declined significantly compared to the Sensex's gain of 2.21%. This discrepancy suggests that while the stock may have seen some short-term interest, it is struggling to maintain momentum in the longer term against the broader market trends.
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