Neogen Chemicals Faces Continued Stock Decline Amid Broader Market Weakness

Neogen Chemicals, a small-cap player in the chemicals industry, has experienced significant downward movement in its stock price, losing 7.21% on January 27, 2025. This decline marks a continued trend, as the stock has now fallen for five consecutive days, resulting in a total drop of 17.83% over this period.
Today, Neogen Chemicals underperformed its sector, which itself saw a decline of 2.37%, by a margin of 4.84%. The stock reached an intraday low of Rs 1686.4, reflecting a volatility of 5.07% throughout the trading session. Additionally, Neogen Chemicals is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in its performance metrics.

In the broader market context, Neogen Chemicals' one-day performance of -6.94% stands in stark contrast to the Sensex, which only dipped by 0.44%. Over the past month, the stock has declined by 15.49%, while the Sensex has experienced a more modest decrease of 3.61%.