Why is RIR Power Electr falling/rising?
As of 18-Aug, RIR Power Electronics Ltd's stock price is Rs 228.45, down 4.83% after a three-day decline of 10.27%. Despite strong long-term performance, recent negative sentiment and reduced trading volumes are impacting its short-term outlook.
As of 18-Aug, RIR Power Electronics Ltd is experiencing a decline in its stock price, currently at Rs 228.45, which reflects a decrease of Rs 11.6 or 4.83%. The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total drop of 10.27% during this period. Although the stock opened with a gain of 2.04% today and reached an intraday high of Rs 249.4, it also touched a low of Rs 228.05. In terms of performance, the stock has shown significant returns over the past year, with a 134.16% increase, but it has underperformed the sector by 6.18% today and has seen a notable decline in investor participation, with delivery volume dropping by 45.6% compared to the five-day average.In the broader market context, the stock's short-term performance has been negative, with a 1-week return of -5.89%, contrasting with the Sensex, which has gained 0.83% over the same period. Despite the recent downturn, RIR Power Electronics has demonstrated strong long-term performance, with a remarkable 1784.51% increase over the past three years, significantly outperforming the benchmark. The company's low debt-to-equity ratio of 0.37 times and consistent returns over the last three years suggest a solid financial foundation, but the current market sentiment and declining trading volumes may be contributing to the recent price drop.
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