Atul loses Rs1.8 billion (US$24.8 million) in MCap, steepest heavyweight fall in Agrochemicals sector
Atul Ltd. (NSE:ATUL), India's 4th largest Agrochemicals company by market cap, has decreased Rs59.50 (1.5%) from its previous trading session to close at Rs3,941.75. Compared with the BSE SENSEX Index which rose 7.6 points (0.02%) in the day, the relative price change was -1.5%. The volume was 0.9 times the average daily trading volume of 19,243 shares. It posted the steepest fall in MCap with the most influence on the Agrochemicals sector. There were 16,562 shares worth Rs65.5 million (US$922,202) traded today.
Technical indicators complementing today's significant downtrend:
+ The negative 31.92 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.
+ In the last one month the stock has hit a new 52-week low thrice, pointing to a significant uptrend.
+ The price dropped 2.5% in the last week and sank 4.6% in the last month.