News and ViewsRecent Price Movement and Market Context
Despite the stock’s fall on 12-Dec, it has demonstrated robust gains over longer periods. Over the past week, Reliable Data’s shares have risen by 2.97%, outperforming the Sensex which declined by 0.52%. Similarly, the one-month return stands at 3.10%, again ahead of the benchmark’s 0.95%. Most notably, the stock has delivered a remarkable year-to-date return of 122.41%, vastly exceeding the Sensex’s 9.12% gain. Over the last year, the stock’s return of 101.40% dwarfs the Sensex’s 4.89%, underscoring its strong market outperformance.
However, the recent two-day consecutive decline, amounting to a 3.66% loss, signals a short-term correction or profit-taking phase. On 12-Dec, the stock touched an intraday low of ₹152.95, represent...
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