Why is Rudra Global falling/rising?
As of 08-Aug, Rudra Global Infra Products Ltd's stock price is Rs 31.07, down 2.26%, and has fallen 14.52% over the last week. The stock is underperforming compared to the Sensex, with a year-to-date decline of 28.54% against the index's gain of 2.20%.
As of 08-Aug, Rudra Global Infra Products Ltd is experiencing a decline in its stock price, currently at Rs 31.07, which reflects a decrease of Rs 0.72 or 2.26%. The stock has been underperforming significantly, having fallen consecutively for the last seven days, resulting in a total drop of 14.52% during this period. Today's trading saw the stock reach an intraday high of Rs 32.88 but also a low of Rs 30.61, indicating volatility. Furthermore, the stock is trading below all major moving averages, suggesting a bearish trend. Despite a rise in delivery volume by 83.32% against the 5-day average, there are no positive factors noted that could counterbalance the recent negative performance.In the broader market context, Rudra Global's short-term performance has been notably worse than the benchmark Sensex, which has only declined by 0.92% over the past week compared to the stock's 8.38% drop. Over the past month, Rudra Global's decline of 11.73% starkly contrasts with the Sensex's 4.60% decrease, further highlighting the stock's underperformance. Year-to-date, the stock has plummeted by 28.54%, while the Sensex has gained 2.20%, indicating a significant divergence in performance between the company and the broader market.
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