Deepak Nitrite Faces Mixed Trends Amid Broader Market Fluctuations and Declines

May 06 2025 02:35 PM IST
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Deepak Nitrite's stock declined on May 6, 2025, following two days of gains, underperforming its sector. It is positioned above its 20-day moving average but below longer-term averages. The broader market, represented by the Sensex, has also turned negative despite recent gains over the past three weeks.
Deepak Nitrite has experienced a decline of 3.03% on May 6, 2025, marking a notable shift after two consecutive days of gains. The stock's performance today underperformed the sector by 1.97%, with an intraday low of Rs 1958, reflecting a drop of 3.08%.

In terms of moving averages, Deepak Nitrite is currently positioned higher than its 20-day moving average but lower than the 5-day, 50-day, 100-day, and 200-day moving averages, indicating mixed short- to long-term trends.

The broader market context shows the Sensex, which opened positively, has turned negative, currently trading at 80,610.39, down 0.23%. Despite this downturn, the Sensex has seen a 7.26% increase over the past three weeks.

When comparing performance metrics, Deepak Nitrite's one-day decline of 3.22% contrasts sharply with the Sensex's modest drop. Over the past month, the stock has gained 1.38%, yet it has faced significant challenges over longer periods, with a year-to-date decline of 21.67% and a three-month drop of 17.82%.
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