Deep Diamond India Hits 52-Week Low, Investors Advised to Monitor Performance

Jul 29 2024 02:35 PM IST
share
Share Via
Deep Diamond India, a microcap company in the jewellery industry, has hit a 52-week low on July 29, 2024, with its stock price falling to Rs.5.17. The company's stock is currently trading below all its moving averages and has underperformed the sector by -1.44%. The overall jewellery sector has also seen a decline of -2.27%. Investors are advised to closely monitor the company's performance and consider market conditions before making any investment decisions.

Deep Diamond India, a microcap company in the jewellery industry, has recently hit a 52-week low on July 29, 2024. This news has caused concern among investors as the stock call by MarketsMOJO is currently a 'Strong Sell'.

The stock price of Deep Diamond India has fallen to Rs.5.17, which is the lowest it has been in the past year. Today's performance has also underperformed the sector by -1.44%. This is a significant drop for the company, as it had seen two consecutive days of gains before this downward trend.

In terms of moving averages, Deep Diamond India is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages. This indicates a negative trend for the company's stock.

The overall jewellery sector has also seen a decline of -2.27%, which could be a contributing factor to Deep Diamond India's recent drop in stock price.

When compared to the Sensex performance, Deep Diamond India has not fared well in the past year with a -2.66% performance, while the Sensex has seen a 22.96% increase.

Investors are advised to closely monitor the performance of Deep Diamond India and consider the current market conditions before making any investment decisions. With the current stock call being a 'Strong Sell', it is important to approach this investment with caution.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News