Paradeep Phosphates' Stock Sees -5.04% Decline Amidst Underperforming Fertilizer Sector

Paradeep Phosphates, a midcap company in the fertilizer industry, has seen a decline of -5.04% in its stock price on October 22, 2024. This drop has been attributed to the overall underperformance of the sector, with fertilizers falling by -2.63%.

According to MarketsMOJO, Paradeep Phosphates' stock call is currently 'Hold'. The stock has been on a consecutive downward trend for the past two days, with a total decline of -8.12% during this period. On the day of October 22, the stock touched an intraday low of Rs 87.05, representing a -5.06% decrease.

Despite this recent decline, Paradeep Phosphates' stock is still performing well in comparison to its moving averages. It is currently higher than the 20 day, 50 day, 100 day, and 200 day moving averages, but lower than the 5 day moving average.

In terms of overall market performance, Paradeep Phosphates has underperformed the Sensex by -1.21% on the day of October 22 and has seen a 1 month performance of 5.41% compared to the Sensex's -5.18%.

While there has been no mention of future potential or investor interest, it is important to note that this information is based on facts and data provided by the company and MarketsMOJO. As a midcap company in the fertilizer industry, Paradeep Phosphates' stock performance may continue to be influenced by the overall performance of the sector.