Short-Term Price Momentum and Market Outperformance
The stock has demonstrated robust momentum in recent weeks, outperforming the Sensex and its sector peers. Over the past week, RCF gained 4.97%, significantly ahead of the Sensex’s 0.85% rise. This trend continued over the last month with a 7.89% increase compared to the benchmark’s 0.73%. Year-to-date, the stock has advanced 1.92%, nearly triple the Sensex’s 0.64% gain. On 02-Jan, the stock touched an intraday high of ₹149.85, marking a 2.6% increase, and traded above all key moving averages including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling positive technical momentum.
However, it is important to note that investor participation has declined recently, with delivery volumes on 01-Jan falli...
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