Deepak Nitrite .'s Stock Sees Decline Amidst Market Downturn on November 18, 2024

Deepak Nitrite ., a largecap chemical company, saw a decline in its stock price on November 18, 2024. The stock closed at Rs 2551, down by -3.17% from the previous day's closing price. This underperformance was also reflected in the sector, as Deepak Nitrite . lagged behind by -3.36%.

The stock's intraday low was Rs 2551, showing a decrease of -3.24%. This indicates that the stock experienced a downward trend throughout the day. Additionally, Deepak Nitrite . is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further indicating a downward trend in its stock price.

In comparison to the overall market performance, Deepak Nitrite .'s stock performance was lower on November 18, 2024. While the Sensex saw a decline of -0.35%, Deepak Nitrite .'s stock performance was -3.39%. This suggests that the company's stock was impacted more by market conditions.

Looking at the past month's performance, Deepak Nitrite .'s stock has seen a decline of -10.27%, while the Sensex has seen a decline of -4.82%. This indicates that the company's stock has underperformed the market in the past month.

Based on these factors, MarketsMOJO has given a 'Hold' call for Deepak Nitrite .'s stock. This means that investors should hold onto their current positions in the company's stock and wait for further developments before making any changes. As a largecap company in the chemical industry, Deepak Nitrite . has a strong presence in the market and its stock performance should be closely monitored by investors.