RDB Infrastructure and Power Sees Mixed Technical Signals Amid Price Momentum Shift
Price Movement and Market Context
The stock closed at ₹46.50, down from the previous close of ₹49.40, marking a daily decline of 5.87%. Intraday price fluctuations ranged between ₹46.50 and ₹50.00, while the 52-week price band extends from ₹35.00 to ₹62.68. This places the current price closer to the lower end of its annual range, signalling a cautious market stance.
Comparing returns against the benchmark Sensex reveals a divergence in performance. Over the past week, RDB Infrastructure and Power’s stock price declined by 2.62%, whereas the Sensex remained relatively flat with a marginal 0.06% change. On a one-month horizon, the stock recorded a slight positive return of 0.26%, trailing the Sensex’s 0.82%. Year-to-date…
