Why is Rishi Techtex falling/rising?
As of 22-Sep, Rishi Techtex Ltd's stock price is declining at 46.00, down 1.05%, and has fallen 4.07% over the last three days. The stock is trading below all major moving averages, indicating a bearish trend, and has significantly underperformed compared to the Sensex over the past year.
As of 22-Sep, Rishi Techtex Ltd is experiencing a decline in its stock price, currently at 46.00, which reflects a decrease of 0.49 or 1.05%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 4.07% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite some positive financial indicators, such as a higher profit after tax and an attractive valuation based on ROCE, the stock's long-term fundamentals appear weak, with a high debt to EBITDA ratio and poor growth in net sales over the past five years.In the broader market context, Rishi Techtex has underperformed compared to the Sensex, which has shown a slight increase of 0.46% over the past week, while Rishi Techtex's return for the same period is positive at 1.14%. However, over the last month, the stock has declined by 4.88%, contrasting with the Sensex's gain of 1.05%. This underperformance is further highlighted by the stock's significant drop of 23.78% over the past year, compared to the market's decline of only 2.82%. The overall liquidity of the stock is also a concern, as evidenced by a decrease in delivery volume, which has fallen by 11.14% against the 5-day average.
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