Why is Deepak falling/rising?

Jul 01 2025 10:51 PM IST
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As of 01-Jul, Deepak Chemtex Ltd's stock price is Rs 159.00, down 3.34%, marking a reversal after four days of gains. Despite this decline, the stock has shown strong performance over the past week and month, significantly outpacing the benchmark Sensex year-to-date.
As of 01-Jul, Deepak Chemtex Ltd is experiencing a decline in its stock price, currently at Rs 159.00, down by Rs 5.5 or 3.34%. The stock has underperformed its sector by 4.91% today, marking a trend reversal after four consecutive days of gains. It touched an intraday low of Rs 158, indicating a drop of 3.95%. Despite this decline, the stock has shown strong performance over the past week, with a return of 7.43%, and a significant 35.09% increase over the past month. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a generally positive trend prior to today's drop. There is also rising investor participation, with a 13.64% increase in delivery volume compared to the 5-day average, indicating continued interest in the stock.

In the broader market context, Deepak Chemtex's recent performance has outpaced the benchmark Sensex, which has only increased by 2.00% over the past week and 2.76% over the past month. Year-to-date, the stock has returned 12.61%, compared to the Sensex's 7.11%, and a remarkable 92.73% increase over the past year against the Sensex's 5.31%. This suggests that while the stock is currently facing a decline, its overall performance remains strong relative to the market, reflecting a potential correction after a period of significant gains.
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