Deepak Fertilizers & Petrochemicals Corp Hits 52-Week Low, MarketsMOJO Issues 'Sell' Call

Deepak Fertilizers & Petrochemicals Corp, a midcap company in the fertilizer industry, has recently hit a 52-week low on February 12, 2024. This has led to a 'Sell' call by MarketsMOJO, a leading stock market analysis platform.

The stock price of Deepak Fertilizers & Petrochemicals Corp has been on a downward trend for the past 8 days, with a consecutive fall of -17.1% in returns during this period. Today, the stock hit a new low of Rs. 511.55, which is in line with the overall performance of the sector.

The company's moving averages also indicate a bearish trend, with the stock trading below the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This suggests that the stock may continue to face downward pressure in the near future.

In comparison to the Sensex, Deepak Fertilizers & Petrochemicals Corp has underperformed with a -17.50% return in the past year, while the Sensex has shown a positive return of 18.06%. This further supports the 'Sell' call by MarketsMOJO.

Investors should be cautious when considering investing in Deepak Fertilizers & Petrochemicals Corp, as the stock has been facing a downward trend and has not shown promising performance in the past year. It is important to do thorough research and consult with a financial advisor before making any investment decisions.