Recent Price Movement and Market Context
Riba Textiles’ share price fell sharply during the trading session, touching an intraday low of ₹81.77, representing a 5.35% decline from previous levels. The weighted average price for the day indicates that a larger volume of shares exchanged hands closer to this lower price point, signalling selling pressure throughout the session. This downward momentum contrasts with the stock’s position relative to its moving averages: while it remains above the 20-day, 50-day, 100-day, and 200-day moving averages, it is currently trading below the 5-day moving average, suggesting short-term weakness despite longer-term support levels.
Comparing the stock’s recent returns to the broader market, Riba Textiles has underperformed the Sensex o...
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