Why is Rikhav Securitie falling/rising?
As of 22-Sep, Rikhav Securities Ltd's stock price is at 70.20, down 0.14%, underperforming its sector and experiencing a significant drop in investor participation. Despite a 1.74% gain over the past week, it has declined 5.12% in the last month, indicating mixed short-term performance amid broader market gains.
As of 22-Sep, Rikhav Securities Ltd is experiencing a slight decline in its stock price, currently at 70.20, reflecting a decrease of 0.1 or 0.14%. The stock has underperformed its sector by 0.56% today, and while it is higher than the 5-day, 20-day, 50-day, and 100-day moving averages, it remains lower than the 200-day moving average. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 41.86% against the 5-day average. Over the past week, the stock has gained 1.74%, but it has seen a decline of 5.12% over the past month, indicating a mixed performance in the short term.In the broader market context, the Sensex has increased by 0.46% over the past week and by 1.05% over the past month, suggesting that the overall market is performing better than Rikhav Securities. The stock's recent decline may be attributed to falling investor interest and liquidity issues, as it is only liquid enough for trade sizes of Rs 0 crore based on 2% of the 5-day average traded value. The lack of available positive or negative factors further complicates the understanding of the stock's movement, leaving a gap in insights that could explain its recent performance.
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