Recent Price Movement and Market Context
Rajnish Retail’s stock price rose by ₹0.41 on 18 December, reversing a two-day decline and outperforming its sector by 8.72% on the day. This uptick comes after the stock hit a new 52-week low of ₹4.27 earlier in the session, reflecting ongoing volatility. Despite this daily gain, the stock remains below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating that the broader trend remains bearish.
The stock’s recent performance contrasts sharply with the benchmark Sensex, which has delivered positive returns over multiple time frames. Over the past week, Rajnish Retail declined by 4.77%, while the Sensex fell marginally by 0.40%. The divergence is more pronounced over longer perio...
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