Why is Deepak Fertilis. falling/rising?
As of 22-Sep, Deepak Fertilisers & Petrochemicals Corp Ltd's stock price is 1,453.70, reflecting a slight increase and outperforming its sector. The company has shown strong fundamentals with a 50.18% return over the past year and high institutional confidence, indicating a positive outlook despite broader market challenges.
As of 22-Sep, Deepak Fertilisers & Petrochemicals Corp Ltd is experiencing a slight increase in its stock price, currently at 1,453.70, with a change of 0.2 (0.01%) upward. The stock has outperformed its sector by 0.35% today and has been on a consecutive gain for the last two days, rising 0.15% in that period. Over the past week, the stock has shown a return of +3.39%, while its performance over the last year has been impressive, yielding a return of +50.18%. The company has demonstrated strong fundamentals, including a high management efficiency with a return on capital employed (ROCE) of 17.68%, and has reported positive results for the last four consecutive quarters, contributing to its recent upward movement.In the broader market context, while the stock has outperformed the benchmark Sensex, which has only increased by 0.46% over the past week, it has also shown resilience against a backdrop of negative returns in the broader market, as the BSE500 has generated a return of -3.80% over the past year. This strong performance is supported by high institutional holdings at 23.51%, indicating confidence from larger investors who have increased their stake by 1.45% in the previous quarter. The stock's attractive valuation, trading at a discount compared to its peers, along with significant growth in operating profit and net sales, further solidifies its positive outlook amidst a challenging market environment.
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