Recent Price Movement and Market Context
On 18 December, RHI Magnesita’s shares closed at ₹437.55, down by ₹2.35 or 0.53% from the previous session. This decline is part of a broader trend, with the stock underperforming its sector by 0.4% on the day. The share price is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a sustained bearish momentum. Investor participation has increased, with delivery volumes rising by 11.22% on 17 December compared to the five-day average, indicating heightened trading activity despite the downward price pressure.
Long-Term Underperformance Against Benchmarks
RHI Magnesita’s stock has consistently lagged behind major indices over multiple time ho...
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