Paradeep Phosphates Faces Consecutive Losses Amid Broader Fertilizers Sector Downturn

Paradeep Phosphates, a midcap player in the fertilizers industry, experienced a notable decline of 5.91% on January 13, 2025. Despite this setback, the stock managed to outperform its sector by 0.65% on the same day. Over the past four days, Paradeep Phosphates has faced consecutive losses, totaling a decline of 16.06%, with an intraday low of Rs 102.2, reflecting a decrease of 6.28%.
In terms of moving averages, Paradeep Phosphates is currently positioned above its 100-day and 200-day moving averages, although it remains below the 5-day, 20-day, and 50-day moving averages. The broader fertilizers sector has also experienced a downturn, with a drop of 5.71%.

In the context of market performance, Paradeep Phosphates recorded a 1-day performance of -5.18%, compared to the Sensex's decline of 1.31%. Over the past month, the stock has decreased by 3.63%, while the Sensex has fallen by 7.02%.