Reliance Chemotex Industries Sees Increased Buying Activity Amid Ongoing Price Declines

Mar 27 2025 09:50 AM IST
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Reliance Chemotex Industries Ltd is experiencing notable buying activity despite recent declines in its stock performance. Over various time frames, the stock has underperformed compared to the Sensex, trading below key moving averages, which suggests a challenging market position amid potential sector-specific developments.
Reliance Chemotex Industries Ltd is currently witnessing significant buying activity, despite its recent performance trends. Over the past day, the stock has seen a decline of 0.66%, contrasting with the Sensex, which has gained 0.20%. This trend continues over the week, with Reliance Chemotex down 2.79% compared to the Sensex's 1.44% increase.

In the month, the stock has dropped 10.53%, while the Sensex has risen by 3.80%. Over a three-month period, Reliance Chemotex has experienced a notable decline of 25.63%, against a slight decrease of 1.59% in the Sensex. Year-to-date, the stock is down 26.22%, while the Sensex has only decreased by 0.89%.

Today's trading session opened with a gap up, but the stock has underperformed its sector by 1.14%. Additionally, Reliance Chemotex is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position. The strong buying activity may be attributed to various factors, including potential market corrections or sector-specific developments.
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