Recent Price Movement and Market Context
Riddhi Corporate’s stock price rose sharply on 12-Dec, touching an intraday high of ₹67.50, marking a 7.35% gain for the day. This rebound follows a period of decline, with the stock falling 1.59% over the past week and 1.06% in the last month, underperforming the Sensex benchmark which gained 0.95% in the same timeframe. Year-to-date, the stock remains down 6.80%, contrasting with the Sensex’s 9.12% rise. However, over the last year, Riddhi Corporate has outpaced the benchmark with a 9.46% return compared to Sensex’s 4.89%, signalling some recovery momentum.
Trading volumes have also shown signs of strengthening, with delivery volume on 11-Dec rising by 4.69% against the five-day average, indicating growing investor interest. T...
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