Deepak Nitrite Shows Mixed Performance Amid Broader Market Gains and Mega-Cap Leadership

Deepak Nitrite has shown notable activity today, gaining 3.02% on May 2, 2025. The stock outperformed its sector by 2.37%, reaching an intraday high of Rs 1972, reflecting a 2.34% increase. In terms of moving averages, Deepak Nitrite is currently above its 20-day and 50-day moving averages, but below its 5-day, 100-day, and 200-day moving averages.
In the broader market, the Sensex experienced a significant rise, climbing 831.29 points to reach 81,131.48, marking a 1.11% increase after a flat opening. The Sensex is trading above its 50-day moving average, although the 50-day moving average is below the 200-day moving average. Mega-cap stocks are leading the market today, contributing to the overall positive sentiment.

Despite today's gains, Deepak Nitrite's performance over various time frames shows a mixed picture. Over the past month, the stock has declined by 2.37%, and its year-to-date performance stands at a decrease of 20.33%. However, over the last five years, it has appreciated significantly by 292.39%, outperforming the Sensex's 140.53% increase during the same period.