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

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.