Deepak Nitrite's Stock Declines by -3.21% on October 22, Underperforming Chemical Sector

Deepak Nitrite ., a largecap chemical company, saw a decline of -3.21% in its stock price on October 22, 2024. The stock has been on a downward trend for the past four days, with a total loss of -9.95% during this period. This underperformance is reflected in the stock's performance today, as it has underperformed the sector by -0.52%.

The stock of Deepak Nitrite . touched an intraday low of Rs 2693.4, showing a decline of -3.09%. However, the stock is still performing well in the long term, with its current price being higher than the 200-day moving average. On the other hand, it is lower than the 5-day, 20-day, 50-day, and 100-day moving averages.

The chemical sector as a whole has also seen a decline of -2.58%, indicating a general trend in the industry. However, it is important to note that Deepak Nitrite .'s performance is not in line with the overall performance of the sector.

In comparison to the Sensex, Deepak Nitrite .'s stock performance has been -3.00% in the past day and -5.39% in the past month. This is lower than the Sensex's performance of -0.71% and -4.69% in the same time periods, respectively.

Based on these numbers, MarketsMOJO has given a 'Hold' call for Deepak Nitrite . stock. It is important to note that this is a fact-based analysis and does not include any external data or sources. Investors are advised to do their own research and make informed decisions.