Key Events This Week
5 Jan: Stock opens at ₹1,007.85, marginally down 0.14%
6 Jan: Continued decline to ₹997.95 amid broader market weakness
8 Jan: Downgrade to Sell rating by MarketsMOJO announced
9 Jan: Technical momentum shift confirmed with a 3.48% drop to ₹960.40
Why is EID Parry (India) Ltd falling/rising?
2026-01-10 01:10:30
Short-Term Price Performance and Market Sentiment
On 09-Jan, EID Parry’s shares closed lower by ₹21, marking a 2.19% drop. This decline is part of a broader trend, with the stock losing 6.92% over the past week and 7.10% in the last month, significantly underperforming the Sensex benchmark, which fell 2.55% and 1.29% respectively over the same periods. Year-to-date, the stock has declined 9.27%, compared to a more modest 1.93% fall in the Sensex.
The stock has been on a consecutive seven-day losing streak, reflecting a weakening investor sentiment. Intraday, the share price touched a low of ₹935, down 2.64% from previous levels. Technical indicators also point to bearish momentum, with the stock trading below all key moving averages – 5-day, 20-day, 50-day, 100-day, an...
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EID Parry Downgraded to Sell Amid Technical Weakness and Valuation Concerns
2026-01-09 08:05:16EID Parry (India) Ltd, a leading player in the fertilisers sector, has seen its investment rating downgraded from Hold to Sell as of 8 January 2026. This shift reflects a combination of deteriorating technical indicators, expensive valuation metrics, and a cautious outlook on financial trends despite recent positive quarterly results. The downgrade underscores growing investor concerns amid a mildly bearish technical environment and stretched price multiples relative to peers.
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