Why is Deepak Chemtex falling/rising?
As of 19-Sep, Deepak Chemtex Ltd's stock is priced at 130.90, down 0.83% and has declined 3.75% over the last three days. The stock has underperformed its sector and the broader market, with significant drops in investor participation and returns over the past month and year-to-date.
As of 19-Sep, Deepak Chemtex Ltd's stock is currently priced at 130.90, reflecting a decline of 1.1 points or 0.83%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 3.75% during this period. Additionally, the stock's performance today has underperformed its sector by 1.91%. The stock has also seen a significant decrease in investor participation, with delivery volume dropping by 44.44% compared to the 5-day average. In terms of returns, the stock has decreased by 7.62% over the past month and 7.29% year-to-date, although it has shown a positive return of 34.26% over the past year.In the broader market context, the Sensex has increased by 0.88% over the past week and 1.20% over the past month, indicating that the overall market is performing well compared to Deepak Chemtex's recent declines. The stock's performance is notably weaker than the benchmark, which has gained 5.74% year-to-date. This disparity suggests that while the market is experiencing upward momentum, Deepak Chemtex is struggling to maintain investor interest and confidence, contributing to its falling stock price.
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