Recent Price Movement and Market Context
Reliance Infrastructure’s stock has recorded a three-day consecutive gain, accumulating a 15.7% return over this short period. This recent rally contrasts with its longer-term performance, where the stock has declined by 48.25% over the past year, significantly underperforming the Sensex, which gained 3.59% in the same timeframe. The one-week return of 7.30% also outpaces the Sensex’s marginal 0.02% rise, indicating a short-term resurgence in investor interest.
Intraday, the stock touched a high of ₹150, outperforming its sector by 5.62% on the day. However, it remains below its 20-day, 50-day, 100-day, and 200-day moving averages, signalling that the recent gains have yet to establish a sustained upward momentum beyond short-te...
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