Why is Deepak Chemtex falling/rising?
As of 09-Sep, Deepak Chemtex Ltd's stock price is Rs 135.00, down 5.06%, underperforming its sector and showing negative returns over the past week and month, despite a strong annual return. Increased investor participation indicates some interest, but the stock is lagging behind the broader market gains.
As of 09-Sep, Deepak Chemtex Ltd is experiencing a decline in its stock price, currently at Rs 135.00, which reflects a decrease of Rs 7.2 or 5.06%. The stock has underperformed its sector by 5.17% today, opening with a loss of 3.31% and reaching an intraday low of Rs 135. The stock's performance over the past week shows a decline of 4.26%, while it has decreased by 1.82% over the past month. Despite a strong annual return of 42.11%, the year-to-date performance is down by 4.39%. The stock is currently trading higher than its 200-day moving average but lower than its 5-day, 20-day, 50-day, and 100-day moving averages. Notably, there has been a rise in investor participation, with delivery volume increasing by 66.67% compared to the 5-day average, indicating some interest despite the price drop.In the broader market context, the Sensex has shown a positive return of 1.18% over the past week and 1.56% over the past month, contrasting with Deepak Chemtex's negative returns during the same periods. This suggests that while the overall market is experiencing gains, Deepak Chemtex is lagging behind, contributing to its price decline. The stock's liquidity remains adequate for trading, but the lack of specific positive or negative factors in the dashboard limits a deeper understanding of the underlying reasons for the stock's recent performance.
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