Deep Polymers Faces Persistent Decline Amidst Sector Gains and Market Volatility

Jan 30 2025 03:05 PM IST
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Deep Polymers, a microcap in the chemicals sector, hit a new 52-week low today, continuing a downward trend with a five-day decline of 9.58%. The stock's performance remains below key moving averages, and it has decreased by 27.88% over the past year, contrasting with broader market gains.
Deep Polymers, a microcap player in the chemicals industry, has experienced significant volatility today, reaching a new 52-week low of Rs. 61. The stock has been on a downward trend, underperforming its sector by 3.72% and marking a consecutive five-day decline with a total drop of 9.58% during this period.

Intraday trading saw the stock peak at Rs. 65.49, reflecting a modest gain of 2.81%, but it ultimately closed lower. The stock's performance is notably below key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a persistent bearish trend.

Over the past year, Deep Polymers has faced a decline of 27.88%, contrasting sharply with the Sensex, which has gained 7.74%. While the chemicals sector overall has seen a slight uptick of 2.01%, Deep Polymers continues to struggle in this challenging market environment.
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