Deepak Spinners Faces Significant Volatility Amidst Ongoing Market Struggles

Feb 18 2025 11:56 AM IST
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Deepak Spinners, a microcap textile company, has faced significant volatility, hitting a new 52-week low. The stock has declined over the past three days and is trading below its moving averages. Its one-year performance shows a substantial loss, contrasting with the overall market's gains.
Deepak Spinners, a microcap player in the textile industry, has experienced significant volatility today, reaching a new 52-week low of Rs. 142.35. This decline marks a notable underperformance against its sector, with a drop of 1.57%. Over the past three days, the stock has continued its downward trend, accumulating a total loss of 9.49%.

Intraday trading saw the stock hit a low of Rs. 142.35, reflecting a decrease of 5.7% from the previous close. Additionally, Deepak Spinners is currently trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages.

In terms of longer-term performance, Deepak Spinners has faced challenges, with a one-year return of -41.28%, contrasting sharply with the Sensex, which has gained 4.56% over the same period. These metrics highlight the ongoing struggles of Deepak Spinners in a competitive market environment.
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