Recent Price Movement and Market Performance
Rites has experienced a consistent downward trajectory over the past week, with a one-week return of -5.93%, sharply contrasting with the Sensex's positive 0.87% gain during the same period. The stock has also underperformed over longer horizons, registering a year-to-date decline of 20.94% against the Sensex's 9.60% rise. Over the last year, the stock has lost 19.03%, while the benchmark index gained 7.32%. Even over three and five years, Rites has lagged behind the broader market, delivering 23.79% and 85.37% returns respectively, compared to Sensex's 35.33% and 91.78%.
On the day in question, the stock underperformed its sector by 2.48%, hitting an intraday low of ₹230.10, down 2.95%. Notably, Rites has been trading below...
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