Diamines & Chemicals Stock Hits New 52-Week Low at Rs. 269.3

Diamines & Chemicals has reached a new 52-week low, hitting Rs. 269.3 today, marking a significant downturn for the microcap specialty chemicals company. This decline comes as the stock has underperformed its sector by 2.26% and has experienced a consecutive fall over the last four days, resulting in a total drop of 9.17% during this period. The stock also touched an intraday low of Rs. 269.3, reflecting a decrease of 2.76% for the day.
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 persistent downward trend. Over the past year, the stock has generated a return of -44.68%, contrasting sharply with the Sensex's performance of 5.41%. The company has reported negative results for the last eight consecutive quarters, with net sales falling by 27.26% and a significant decline in operating profit.

As the market continues to show mixed signals, with the Sensex trading positively, Diamines & Chemicals' current position highlights ongoing challenges within the company.