Recent Price Movement and Market Comparison
Rane (Madras) closed at ₹725.00, down ₹24.90 or 3.32% on the day, continuing a downward trend that has persisted for three consecutive sessions. Over this period, the stock has declined by 5.57%, significantly underperforming its sector by 1.81% and the broader market benchmarks. The stock’s intraday low touched ₹718.95, indicating selling pressure near the lower end of the day’s range. Notably, the weighted average price suggests that a larger volume of shares traded closer to this low, signalling bearish sentiment among investors.
When compared to the Sensex, Rane (Madras) has lagged considerably. Over the past week, the stock fell 5.04%, while the Sensex dipped only 0.63%. The divergence is starker over longer periods: the...
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