Himadri Speciality Chemical among 3 stocks to close crossing below VWAP
Himadri Speciality Chemical is in focus with October 19 in focus.
· ET Stocks, Economic Times Markets
Three Nifty 500 stocks experienced notable price weakness on October 19, closing significantly below their volume-weighted average prices amid subdued trading performance and downward price pressure.
Key facts
- Dates in focus
- October 19
The analysis
Against that, the stock is -6.5% on the day at ₹566.30, and has returned -18.3% over three months. It sits 29% below its 52-week high, which means a good deal of bad news was already in the price. The chemicals sector has moved -8.0% over the same period, so Himadri Speciality Chemical is running 10.3 points behind its peers.
For Himadri Speciality Chemical, the question is how much of this is already reflected in the price and how much re-rates the chemicals peer set alongside it.
Market context
- The company directly in focus is HSCL.
- Sector exposure: Chemicals.