Deepak Fertilizers Shows Recovery Amid Volatile Market Conditions and Sector Outperformance

Deepak Fertilizers & Petrochemicals Corp experienced a significant increase of 5.1% on January 14, 2025, outperforming the broader fertilizers sector, which gained 2.25%. The stock reached an intraday high of Rs 1128.7, marking a notable recovery after two days of decline, suggesting a potential trend reversal. Currently, Deepak Fertilizers is positioned above its 200-day moving average, although it remains below the 5-day, 20-day, 50-day, and 100-day moving averages. Over the past month, the stock has faced challenges, declining by 15.40%, in contrast to a 6.78% drop in the Sensex. This performance highlights the stock's volatility amid fluctuating market conditions.