Reliance Infrastructure continues significant downtrend; sinks 4.9%
Reliance Infrastructure Limited (NSE:RELINFRA), India's 23rd largest Electric utility company by market cap, has sunk Rs1.05 (4.9%) from its previous trading session to close at Rs20.20. Compared with the BSE SENSEX Index which fell 416.5 points (1%) in the day, the relative price change was -4.0%. There were 793,719 shares worth Rs16 million (US$225,736) traded today. The volume was 0.04 times the average daily trading volume of 18.7 million shares.
Technical indicators complementing today's significant downtrend:
+ The negative 1.81 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.
+ The stock has underperformed 96% of the Indian market over the past 6 months.
+ In the last one month the stock has hit a new 52-week low thrice, pointing to an uptrend.
+ The price plummeted 14.8% in the last week and tumbled 9.0% in the last month.