Why is Deepak Chemtex falling/rising?
As of 11-Sep, Deepak Chemtex Ltd's stock price is Rs 131.00, down 2.96%, and has underperformed its sector by 3.51%. The stock shows negative returns over the past week and month, with a significant decline year-to-date, indicating a lack of investor interest and no positive catalysts for price recovery.
As of 11-Sep, Deepak Chemtex Ltd is experiencing a decline in its stock price, currently at Rs 131.00, which reflects a decrease of Rs 4.00 or 2.96%. The stock has underperformed its sector by 3.51% today, opening with a loss of 2% and reaching an intraday low of Rs 131. The stock has traded in a narrow range of Rs 1.3, and its delivery volume has significantly decreased, falling by 84.85% against the 5-day average. In terms of returns, the stock has shown a negative performance over the past week and month, with declines of 6.43% and 1.69%, respectively, while year-to-date, it has decreased by 7.22%. The stock is currently above its 200-day moving average but below its shorter-term moving averages, indicating mixed momentum.In the broader market context, the Sensex has shown positive returns, gaining 1.03% over the past week and 1.17% over the past month, contrasting with Deepak Chemtex's negative performance. Year-to-date, while the Sensex has increased by 4.36%, Deepak Chemtex has lagged behind with a significant decline. This disparity highlights the stock's struggle to attract investor interest, as evidenced by the falling delivery volume and overall underperformance compared to the benchmark. The lack of positive factors in the dashboard further suggests that there are no significant catalysts driving the stock's price upward at this time.
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