Understanding the Recent Price Movement
Rapid Fleet’s share price dropped by ₹17.05 on 01-Dec, closing at ₹197.95 as of 09:16 PM. This decline represents a significant intraday underperformance, especially when compared to the broader market and sector indices. The stock underperformed its sector by 7.43% on the same day, signalling a sharp sell-off relative to its peers.
Interestingly, despite this steep fall, the stock remains trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning suggests that the longer-term trend remains positive, and the recent dip could be a short-term correction or profit-taking phase rather than a reversal of momentum.
Weekly and Monthly Performance C...
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