Anupam Rasayan Faces Mixed Technical Signals Amidst Market Evaluation Changes

Anupam Rasayan India, a midcap player in the Pesticides and Agrochemicals sector, has recently undergone an evaluation revision reflecting its current market dynamics. The stock is currently priced at 768.70, slightly down from the previous close of 768.95. Over the past year, Anupam Rasayan has faced challenges, with a return of -13.51%, contrasting with a 7.07% gain in the Sensex during the same period.
The technical summary indicates mixed signals across various indicators. The MACD shows a mildly bullish trend on a weekly basis, while the monthly perspective leans mildly bearish. The Relative Strength Index (RSI) is bearish on a weekly basis, with no signal on the monthly chart. Bollinger Bands reflect a similar pattern, with a mildly bullish weekly trend and a bearish monthly outlook. Moving averages indicate a mildly bearish stance on a daily basis, while the KST presents a mildly bullish weekly trend but is bearish monthly.

In terms of performance, Anupam Rasayan has shown a notable return of 20.99% over the past month, significantly outperforming the Sensex, which returned 4.74% in the same timeframe. However, the longer-term view reveals a decline over three years, where the stock has returned -11.05%, compared to a robust 35.40% gain in the Sensex. This evaluation adjustment highlights the company's current standing amidst fluctuating market conditions.