Recent Price Movement and Market Context
Rishiroop Ltd has experienced a notable decline in its share price over the past year, with a staggering 55.37% loss compared to the Sensex’s 8.65% gain during the same period. Even over shorter intervals, the stock’s performance remains weak, falling 6.82% in the last week and 10.13% over the past month, significantly underperforming the Sensex’s modest declines of 0.75% and 1.98% respectively. Year-to-date, the stock has dropped 9.20%, while the benchmark index has only declined 2.32%.
On 19-Jan, the stock’s intraday low of ₹91 represented a 5.36% drop from its previous close, signalling strong selling pressure. The weighted average price for the day indicates that a greater volume of shares traded near this low price, suggest...
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