Recent Price Momentum and Market Performance
Reliance Infrastructure’s stock has been on a remarkable run over the past week, delivering a 27.44% return compared to the Sensex’s marginal decline of 0.40%. This surge is particularly striking given the stock’s year-to-date performance, which remains deeply negative at -42.94%, contrasting with the Sensex’s positive 8.69% gain. Over the last six days alone, the stock has appreciated by 33.78%, signalling renewed investor enthusiasm in the short term.
On 19-Dec, the stock outperformed its sector by 3.75%, reaching an intraday high of Rs 173.45. It currently trades above its 5-day and 20-day moving averages, although it remains below the longer-term 50-day, 100-day, and 200-day averages. This technical positioning suggests ...
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