Deepak Fertilizers Faces High Volatility Amid Broader Market Resilience and Sector Decline

Deepak Fertilizers & Petrochemicals Corp has experienced significant market activity today, with the stock declining by 5.61%. Despite this drop, it has outperformed the broader fertilizers sector, which fell by 4.03%. The stock opened with a notable gap down of 17.31%, reaching an intraday low of Rs 936.05. High volatility characterized the trading session, with an intraday volatility rate of 61.6%.
Over the past three days, Deepak Fertilizers has seen a cumulative decline of 9.63%. In terms of moving averages, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend in the short to medium term.

In a broader market context, the Sensex has shown resilience after a gap down opening, recovering 1,654.85 points from an initial drop of 3,914.75 points. However, it remains 3.93% away from its 52-week low. Over the past year, Deepak Fertilizers has delivered an impressive return of 89.63%, significantly outperforming the Sensex, which has seen a decline of 1.59%.