Deepak Nitrite Ltd. Stock Declines - Underperforms Sector and Market on October 31

Oct 31 2024 01:35 PM IST
share
Share Via
On October 31, 2024, Deepak Nitrite Ltd. experienced a -3.17% decline in its stock price, underperforming the sector by -2.45%. This marks the second consecutive day of losses for the company, with a total decline of -3.26% in this period. Despite being higher than the 200 day moving average, the stock is currently lower than the 5 day, 20 day, 50 day, and 100 day moving averages. In comparison to the overall market performance, Deepak Nitrite Ltd. has underperformed, with a -3.34% performance on October 31. Based on these factors, MarketsMojo has given a 'Hold' call for the stock.


Deepak Nitrite ., a largecap chemical company, saw a decline in its stock price on October 31, 2024. The stock lost -3.17% on this day, underperforming the sector by -2.45%. This marks the second consecutive day of losses for the company, with a total decline of -3.26% in this period.

On October 31, the stock touched an intraday low of Rs 2625.2, representing a -3.18% decrease from its previous closing price. The stock's moving averages show that it is currently higher than the 200 day moving average, but lower than the 5 day, 20 day, 50 day, and 100 day moving averages.

In comparison to the overall market performance, Deepak Nitrite Ltd. has underperformed. On October 31, the stock's performance was -3.34%, while the Sensex's performance was -0.66%. Over the past month, the stock has seen a decline of -11.22%, while the Sensex has seen a decline of -5.75%.

Based on these factors, MarketsMOJO has given a 'Hold' call for Deepak Nitrite Ltd. stock. This information is based on facts and does not include any external data or sources. As a largecap company in the chemical industry, Deepak Nitrite Ltd. continues to be a key player in the market.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News