Why is RMC Switchgears falling/rising?
As of 08-Aug, RMC Switchgears Ltd is currently priced at 827.00, reflecting a 0.85% increase, but has seen a significant drop in delivery volume by 46.5%. Despite a strong long-term growth of 2757.54% over three years, the stock's year-to-date performance is down 26.16%, underperforming the benchmark's increase of 2.20%.
As of 08-Aug, RMC Switchgears Ltd is experiencing a price increase, with the current price at 827.00, reflecting a change of 7.0 or 0.85% upward. The stock has shown a performance today that outperformed its sector by 2.35%. However, it is important to note that the delivery volume has significantly decreased, falling by 46.5% against the 5-day average, indicating a decline in investor participation. Over the past month, the stock has risen by 12.27%, contrasting with a year-to-date decline of 26.16%. The stock's performance over the last three years has been remarkable, with an increase of 2757.54%, suggesting a strong long-term growth trajectory.In the broader market context, the Sensex has seen a slight decline of 0.92% over the past week, while RMC Switchgears has decreased by 0.99% in the same period. This indicates that the stock's short-term performance is slightly worse than the benchmark. Despite the recent uptick in price, the overall year-to-date performance of the stock remains significantly lower than the benchmark's increase of 2.20%. The liquidity of the stock is adequate for trading, as it is based on 2% of the 5-day average traded value, which supports its trading activity despite the recent drop in delivery volumes.
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