Deepak Nitrite Faces Significant Underperformance Amid Broader Market Gains
Deepak Nitrite's stock has declined significantly, underperforming the broader market. It is trading below key moving averages, indicating a bearish trend. Despite a modest gain over the past month, the stock has experienced notable declines over the last three months and year, contrasting with the Sensex's positive performance.
Deepak Nitrite has experienced a notable decline of 3.15% on May 8, 2025, underperforming the broader market. The stock reached an intraday low of Rs 1926.6, reflecting a drop of 3.19%. In comparison to the Sensex, which is currently trading at 80,606.22 after a decrease of 0.17%, Deepak Nitrite's performance today is significantly weaker, with a difference of 2.92%.The company's stock is trading below its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. Over the past month, Deepak Nitrite has shown a modest gain of 5.47%, but this is overshadowed by a 17.75% decline over the last three months and a substantial 23.05% drop over the past year.
In the context of the broader market, the Sensex has seen a three-week consecutive rise, gaining 7.25% during this period. However, Deepak Nitrite's year-to-date performance remains negative at -22.79%, contrasting sharply with the Sensex's positive return of 3.18%.
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