Why is Royal Cush. Vin. falling/rising?
As of 17-Oct, Royal Cushion Vinyl Products Ltd's stock price is Rs. 20.10, down 4.19%, and has hit a 52-week low. The stock has underperformed significantly against the market, with a year-to-date decline of 30.57% compared to the Sensex's increase of 7.44%.
As of 17-Oct, Royal Cushion Vinyl Products Ltd's stock price is currently at Rs. 20.10, reflecting a decline of Rs. 0.88 or 4.19%. The stock has recently hit a new 52-week low of Rs. 20.02 and has been underperforming its sector by 3.85%. Over the past two days, the stock has experienced a consecutive fall, resulting in a total decline of 7.33%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The delivery volume has also decreased significantly, with a drop of 45.98% compared to the 5-day average, indicating falling investor participation. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, the stock's performance over the past week shows a decline of 7.03%, while the benchmark Sensex has increased by 1.76%. This stark contrast highlights the stock's underperformance relative to the market. Over the past month, the stock has decreased by 11.18%, while the Sensex has shown a modest gain of 1.52%. Year-to-date, Royal Cushion Vinyl Products Ltd has seen a significant decline of 30.57%, compared to the Sensex's increase of 7.44%. This ongoing trend of underperformance against the benchmark suggests that investor sentiment towards the stock remains negative, contributing to its current price decline.
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