Oriental Carbon & Chemicals Hits 52-Week Low Amid Broader Chemicals Sector Decline

Feb 11 2025 02:05 PM IST
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Oriental Carbon & Chemicals has reached a new 52-week low, continuing a three-day decline totaling 9.26%. The stock is trading below all key moving averages and has seen a significant year-over-year drop of 74.34%. Despite these challenges, it offers a dividend yield of 3.51%.
Oriental Carbon & Chemicals has experienced significant activity today, reaching a new 52-week low of Rs. 194. This marks a notable decline, as the stock has fallen consecutively for the past three days, resulting in a total drop of 9.26% during this period. Despite this downturn, the stock managed to outperform its sector by 0.44% today, although the broader chemicals industry has seen a decline of 3.21%.

In terms of moving averages, Oriental Carbon is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock's performance over the past year has been particularly challenging, with a decline of 74.34%, contrasting sharply with the Sensex, which has gained 6.27% in the same timeframe.

Additionally, Oriental Carbon & Chemicals offers a high dividend yield of 3.51% at its current price, which may be of interest to certain market participants. Overall, the stock's recent performance reflects ongoing challenges within the microcap chemicals sector.
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