Why is Rikhav Securitie falling/rising?
As of 12-Nov, Rikhav Securities Ltd's stock price is Rs 66.00, down 4.01% and underperforming its sector. The stock has declined 6.83% over the last two days and is trading below all key moving averages, indicating a bearish trend despite a significant increase in delivery volume.
As of 12-Nov, Rikhav Securities Ltd is experiencing a decline in its stock price, currently at Rs 66.00, which reflects a decrease of 2.76 (-4.01%). The stock has underperformed its sector by 4.7% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 6.83% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. While there has been a notable increase in delivery volume, which rose by 163.16% against the 5-day average, the overall performance remains weak, with the stock showing a decline of 3.51% over the past week and 8.59% over the past month.In the broader market context, Rikhav Securities' recent performance contrasts sharply with the Sensex, which has gained 1.21% over the past week and 2.38% over the past month. This indicates that while the overall market is experiencing positive momentum, Rikhav Securities is struggling to keep pace, highlighting its underperformance relative to the benchmark. The lack of available positive or negative factors further complicates the analysis of the stock's recent movements, as no specific catalysts or issues are identified that could explain the decline.
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