Why is Deepak Chemtex falling/rising?
As of 24-Sep, Deepak Chemtex Ltd's stock price is currently Rs 133.95, up 4.24% today, but has declined 2.23% over the past month and 5.13% year-to-date. Despite a short-term rise, its longer-term performance lags behind the benchmark Sensex, which has gained 4.58% this year.
As of 24-Sep, Deepak Chemtex Ltd's stock price is rising, currently at Rs 133.95, reflecting an increase of Rs 5.45 or 4.24%. The stock has outperformed its sector by 4.98% today, reaching an intraday high of Rs 133.95. However, despite this positive movement, the stock has shown a decline of 2.23% over the past month and a year-to-date drop of 5.13%. The delivery volume has decreased by 23.08% against the 5-day average, indicating falling investor participation. Additionally, while the stock is trading above its 5-day and 200-day moving averages, it remains below the 20-day, 50-day, and 100-day moving averages, suggesting mixed momentum. There is no information available regarding positive or negative factors impacting the stock.Broader Market Context: In comparison to the benchmark Sensex, which has declined by 1.18% over the past week, Deepak Chemtex's short-term return of 0.34% indicates a relatively stronger performance. However, the stock's year-to-date performance is notably weaker than the Sensex, which has gained 4.58% during the same period. This contrast highlights that while Deepak Chemtex is experiencing a short-term rise, its longer-term performance has lagged behind the broader market trends.
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