Recent Price Movement and Market Context
Raghuvir Synthetics opened the trading day with a positive gap, rising by 2.24% and touching an intraday high of ₹109.40. However, this initial optimism was short-lived as the stock reversed course and ended the day lower. The decline followed two consecutive days of gains, signalling a trend reversal that investors should note. The weighted average price indicates that a greater volume of shares traded closer to the day's low, suggesting selling pressure intensified as the session progressed.
Comparing the stock’s performance against the broader market benchmarks highlights its relative weakness. Over the past week, Raghuvir Synthetics declined by 2.42%, while the Sensex gained 1.00%. This underperformance extends over longer p...
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