Deepak Spinners Hits 52-Week Low Amid Broader Textile Sector Decline

Jan 22 2025 12:05 PM IST
share
Share Via
Deepak Spinners, a microcap textile company, recently hit a 52-week low, continuing a downward trend with a 4.28% decline over two days. Despite this, it outperformed its sector slightly. Over the past year, the stock has dropped 41.66%, contrasting with the Sensex's gains.
Deepak Spinners, a microcap player in the textile industry, has recently reached a 52-week low, closing just 0.91% above this low of Rs 175. The stock has been on a downward trajectory, with a consecutive decline over the past two days resulting in a total drop of 4.28%.

Despite this downturn, Deepak Spinners managed to outperform its sector by 0.58% today, while the broader textile industry faced a decline of 2.31%. However, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a prevailing bearish trend.

Over the past year, Deepak Spinners has experienced a significant decline of 41.66%, in stark contrast to the Sensex, which has gained 6.37%. This performance highlights the challenges the company is encountering in the current market landscape.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News