Why is Rolcon Engg. Co. falling/rising?
As of 06-Oct, Rolcon Engineering Company Ltd's stock price is at 650.00, down 3.31% and has fallen 17.09% over the past week, reaching a 52-week low. The stock has underperformed significantly compared to the Sensex, declining 56.08% year-to-date, indicating a lack of investor confidence.
As of 06-Oct, Rolcon Engineering Company Ltd's stock price is currently at 650.00, reflecting a decrease of 22.25, or 3.31%. The stock has been on a downward trend, having fallen consecutively for the last four days, resulting in a significant decline of 17.09% over the past week. Today, the stock reached a new 52-week low of Rs. 638.65 and opened with a loss of 4.8%. It has also shown high volatility, trading within a wide range of Rs. 67.2, and is currently below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. While there has been a notable increase in delivery volume, rising by 185.71% against the 5-day average, the overall performance has been poor, underperforming its sector by 3.02%.In the broader market context, Rolcon Engineering's performance has been significantly weaker compared to the Sensex, which has gained 1.77% over the past week. Year-to-date, the stock has declined by 56.08%, while the Sensex has increased by 4.67%. This stark contrast highlights the challenges faced by Rolcon Engineering in the current market environment. Despite the recent rise in investor participation, the stock's overall trajectory remains negative, indicating a lack of confidence among investors and contributing to its falling price.
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