Deep Polymers Experiences Notable Adjustment in Evaluation Amid Market Challenges Deep Polymers, a microcap player in the chemicals industry, has recently undergone a significant adjustment in its evaluation. The stock has reached a new 52-week low, hitting Rs. 64.21, which highlights a considerable decline in its market performance. Over the past year, Deep Polymers has faced substantial challenges, with its performance down by over 28%, contrasting sharply with the Sensex's positive growth of 8.26%. In the latest trading session, Deep Polymers underperformed its sector, recording a decline of 1.19%. This follows a trend of consecutive losses, with the stock falling by 3.7% over the last two days. Additionally, it has been trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. In light of these developments, Deep Polymers has been added to MarketsMOJO's list, reflecting a revision in its score. Investors and market watchers will be keen to observe how the company navigates these challenging conditions moving forward.

Dec 30 2024 03:05 PM IST
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Deep Polymers has recently undergone a revision in its score, reflecting ongoing challenges in the chemicals sector. The stock has reached a new 52-week low and has underperformed significantly compared to its peers. Additionally, it has been added to MarketsMojo's list, indicating heightened scrutiny from analysts.
Deep Polymers, a microcap player in the chemicals industry, has recently experienced a notable adjustment in its evaluation. The stock has reached a new 52-week low, hitting Rs. 64.21, which marks a significant decline in its market performance. Over the past year, Deep Polymers has faced challenges, with its performance down by over 28%, contrasting sharply with the Sensex's positive growth of 8.26%.

In the latest trading session, Deep Polymers underperformed its sector, recording a decline of 1.19%. This follows a trend of consecutive losses, with the stock falling by 3.7% over the last two days. Additionally, it has been trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages.

In light of these developments, Deep Polymers has been added to MarketsMOJO's list, reflecting a revision in its score. Investors and market watchers will be keen to observe how the company navigates these challenging conditions moving forward.
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