Reliance Home Finance Faces Market Challenges Amid Declining Stock Performance

Apr 02 2025 10:00 AM IST
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Reliance Home Finance Ltd faced notable trading activity today, hitting its lower circuit limit and closing at Rs 3.20. The stock has underperformed its sector and marked a consecutive decline over the past two days. Despite increased delivery volume, it remains below key moving averages, indicating market challenges.
Reliance Home Finance Ltd, a microcap player in the Finance - Housing sector, has experienced significant activity today, hitting its lower circuit limit. The stock closed at a last traded price of Rs 3.20, reflecting a decline of Rs 0.16 or 4.76%. The stock's performance has been underwhelming, underperforming its sector by 1.93% and marking a consecutive fall over the past two days, with a total decline of 7.44% during this period.

Today's trading saw a total volume of approximately 36.11 lakh shares, resulting in a turnover of Rs 1.20 crore. The stock reached an intraday high of Rs 3.49 and a low of Rs 3.19, indicating a price band of 5%. Reliance Home Finance is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, highlighting a challenging market position.

Despite a rise in delivery volume, which increased by 24.12% against the 5-day average, the overall liquidity remains adequate for trading sizes of Rs 0.02 crore. In summary, Reliance Home Finance Ltd's performance today underscores ongoing challenges in the market, with the stock's recent trajectory reflecting broader trends in the finance sector.
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