Why is Deepak Chemtex falling/rising?
As of 18-Sep, Deepak Chemtex Ltd's stock price is 132.00, down 1.12%, and has underperformed with a 2.94% loss over the last two days and a 2.22% decline over the past month. Despite trading above its 200-day moving average, it remains below shorter-term averages, while investor participation has increased significantly.
As of 18-Sep, Deepak Chemtex Ltd's stock price is currently at 132.00, reflecting a decrease of 1.5, or 1.12%. The stock has been underperforming, having lost 2.94% over the last two days and showing a negative return of 2.22% over the past month. Although the stock is trading above its 200-day moving average, it remains below the 5-day, 20-day, 50-day, and 100-day moving averages. Additionally, there has been a notable increase in investor participation, with delivery volume rising by 78.57% compared to the 5-day average, indicating some interest despite the recent price decline. Unfortunately, there is no information available regarding positive or negative factors affecting the stock.Broader market context indicates that while Deepak Chemtex has experienced a decline of 6.52% year-to-date, the benchmark Sensex has gained 6.24% in the same period. In the short term, the stock has underperformed the Sensex, which has risen by 1.80% over the past week, compared to the stock's modest gain of 0.76%. This disparity highlights the stock's struggles relative to broader market trends, contributing to the overall negative sentiment surrounding its recent price movements.
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