RIR Power Electronics Shares Dip Over 1% in Volatile Early Trading
Shares of RIR Power Electronics Ltd (BOM: 517035) experienced a downturn in the early trading session on Tuesday, April 4th. As of 9:46 am IST, the stock was trading at 2,558.75 INR.
This price marks a decrease of -26.80 INR, equivalent to a 1.04% loss for the day so far. The downward red arrow indicates negative momentum in the morning session.
The stock opened the day almost flat at 2,585.00 INR, just slightly below its previous close of 2,585.55 INR. However, early trading proved volatile. The shares initially surged to a high of 2,612.00 INR before reversing course and dropping sharply to a low of 2,540.00 INR. The current price sits slightly above this session low. The 1-day chart vividly captures this early spike followed by a significant decline.
RIR Power Electronics holds a market capitalization of 1.96 KCr. Notably, the company has a high Price-to-Earnings (P/E) ratio of 236.05 and offers a modest dividend yield of 0.078%.
Looking at the stock’s performance over the past year, its 52-week high is 4,878.60 INR, while the 52-week low stands at 1,001.00 INR. The current trading level places the stock significantly below its annual peak but comfortably above its yearly low.
