Diamines & Chemicals Stock Hits New 52-Week Low at Rs. 253.15

Diamines & Chemicals has reached a new 52-week low, hitting Rs. 253.15 today, marking a significant downturn for the microcap specialty chemicals company. This decline comes as the stock has underperformed its sector by 4.48%, continuing a trend of consecutive losses over the past two days, during which it has seen a total drop of 5.23%. The stock opened with a gap down of 3.6% and touched an intraday low of Rs. 253.15, reflecting a 5.52% decrease from the previous close. In terms of moving averages, Diamines & Chemicals is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a prolonged period of underperformance. Over the past year, the company has faced significant challenges, with a staggering 51.52% decline in stock value, contrasting sharply with the Sensex's positive performance of 4.06%. The company has reported negative results for nine consecutive quarters, with a notable drop in net sales and operating profit, raising concerns about its financial health.