Deepak Nitrite . Stock Sees -3.11% Decline, Rated 'Hold' by MarketsMOJO.

Nov 08 2024 11:50 AM IST
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On November 8, 2024, Deepak Nitrite ., a largecap chemical company, saw a -3.11% decline in its stock price. It is currently rated as 'Hold' by MarketsMojo and has underperformed the sector average by -1.76%. The stock has been on a downward trend for the past two days, but opened with a gain of 3.28% today. It is currently above its 5-day and 200-day moving averages, but below its 20-day, 50-day, and 100-day moving averages. In comparison to the overall market, Deepak Nitrite . has seen a -3.40% decline and has also underperformed in the past month.

Deepak Nitrite ., a largecap chemical company, saw a decline of -3.11% in its stock price on November 8, 2024. According to MarketsMOJO, the stock is currently rated as 'Hold'.

The stock's performance today was below the sector average by -1.76%. It has been on a downward trend for the past two days, with a fall of -3.63% during this period. However, the stock opened with a gain of 3.28% today and touched an intraday high of Rs 2908. It also touched an intraday low of Rs 2740, showing a volatile trading day.

In terms of moving averages, Deepak Nitrite . is currently higher than its 5-day and 200-day moving averages, but lower than its 20-day, 50-day, and 100-day moving averages. This indicates a mixed trend for the stock.

In comparison to the overall market performance, Deepak Nitrite . has underperformed with a -3.40% decline, while the Sensex has only seen a -0.17% decline. Over the past month, the stock has also seen a decline of -2.69%, while the Sensex has seen a slightly higher decline of -2.73%.

Overall, Deepak Nitrite . has had a volatile trading day with a decline in its stock price. Investors are advised to hold onto their positions for now, as per MarketsMOJO's recommendation.
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