Why is Diamines & Chem. falling/rising?
As of 25-Sep, Diamines & Chemicals Ltd's stock price is Rs 357.85, down 2.15%, and has underperformed its sector. The stock is trading below all major moving averages, indicating a bearish trend, with a significant drop in delivery volume and a year-to-date decline of 26.99%.
As of 25-Sep, Diamines & Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 357.85, which reflects a decrease of Rs 7.85 or 2.15%. The stock has underperformed its sector by 2.36% today, reaching an intraday low of Rs 352.45, which is a drop of 3.62%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, falling by 43.04% against the 5-day average, suggesting a decline in investor participation. There is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, the stock's performance over the past week shows a decline of 2.76%, which is worse than the Sensex's decrease of 2.23%. Over the past month, Diamines & Chemicals has fallen by 2.81%, while the Sensex has only decreased by 0.58%. Year-to-date, the stock has seen a substantial drop of 26.99%, contrasting sharply with the Sensex's gain of 3.87%. This underperformance over various time frames highlights the challenges faced by Diamines & Chemicals Ltd in comparison to the broader market trends.
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