Why is Robust Hotels falling/rising?
As of 03-Nov, Robust Hotels Ltd's stock price is Rs 238.30, down 13.03% and underperforming its sector. The stock shows a bearish trend, trading below all key moving averages, with decreased delivery volume and significant volatility, reflecting ongoing challenges compared to the broader market.
As of 03-Nov, Robust Hotels Ltd is experiencing a decline in its stock price, currently at Rs 238.30, reflecting a decrease of Rs 35.7 or 13.03%. The stock has underperformed its sector by 13.71% today, opening with a significant loss of 5.47%. It reached an intraday low of Rs 238.30 and has shown high volatility with an intraday fluctuation of 7.3%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased by 43.27% compared to the 5-day average, suggesting falling investor participation. There are no positive factors available to counterbalance these negative indicators.In the broader market context, the stock's performance over the past week shows a decline of 2.73%, while the Sensex has only decreased by 0.94%. Over the past month, Robust Hotels has fallen by 2.93%, contrasting sharply with the Sensex's gain of 3.41%. Year-to-date, the stock is down 12.03%, while the benchmark has risen by 7.47%. This stark difference in performance highlights the challenges facing Robust Hotels in comparison to the overall market, contributing to the downward pressure on its stock price.
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