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 specialty chemicals microcap. This decline comes as the stock has underperformed its sector by 4.48% and has seen a consecutive fall over the past two days, with a total drop of 5.23% during this period. The stock opened with a gap down of 3.6% and touched an intraday low of Rs. 253.15, reflecting a decrease of 5.52% from the previous close.
In terms of moving averages, Diamines & Chemicals is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a persistent downward trend. Over the past year, the stock has experienced a substantial decline of 51.52%, contrasting sharply with the Sensex, which has gained 4.06% during the same timeframe. The company's financial performance has been concerning, with a reported net sales drop of 51.54% and negative results for the last nine consecutive quarters. As the market continues to evolve, Diamines & Chemicals faces significant challenges in its operational performance.