Deepak Nitrite Stock Hits New Low Amid Broader Chemicals Sector Decline

Apr 07 2025 09:32 AM IST
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Deepak Nitrite's stock has dropped significantly, reaching a new 52-week low and experiencing a cumulative loss over three days. The trading session opened lower, with notable intraday volatility. The stock is currently below multiple moving averages, indicating a challenging market environment for the company and the broader chemicals sector.
Deepak Nitrite has experienced a notable decline today, with its stock price dropping by 3.09%. The company reached a new 52-week low of Rs. 1780.5, reflecting a significant downturn in its performance. Over the past three days, the stock has seen a cumulative loss of 9.03%, indicating a troubling trend for investors.

Today's trading session opened with a gap down of 2.52%, and the stock hit an intraday low of Rs. 1780.5, marking a decrease of 7.68% at its lowest point. The volatility has been pronounced, with an intraday volatility rate of 109.92%, suggesting that the stock has been subject to rapid price fluctuations.

In terms of moving averages, Deepak Nitrite is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which may indicate a bearish trend. The broader chemicals sector has also faced challenges, with a decline of 3.33% today. Overall, Deepak Nitrite's performance metrics reflect a challenging market environment, with the stock underperforming relative to the Sensex in various time frames.
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