Why is Rudra Gas falling/rising?
As of 19-Sep, Rudra Gas Enterprise Ltd's stock price is Rs 88.99, up 2.29% recently but down 28.81% year-to-date. The stock is underperforming compared to the benchmark Sensex and shows declining investor interest, indicated by falling delivery volumes and trading below key moving averages.
As of 19-Sep, Rudra Gas Enterprise Ltd's stock price is currently at Rs 88.99, reflecting an increase of Rs 1.99 or 2.29%. The stock has been gaining for the last two days, with a total return of 3.36% during this period. However, it is important to note that the stock has underperformed in the longer term, with a year-to-date decline of 28.81% and a one-year drop of 48.32%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. There has also been a significant decrease in investor participation, with delivery volume falling by 94.79% against the 5-day average, which may suggest waning interest among investors.In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has gained 5.74% year-to-date. Over the past week, Rudra Gas has declined by 4.61%, while the Sensex has increased by 0.88%, highlighting the stock's underperformance relative to the market. Despite today's positive movement, the overall trend suggests that the stock is struggling to attract sustained investor interest, as evidenced by the falling delivery volumes and its position below key moving averages.
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