Deepak Chemtex Ltd States Price Movement Driven Purely by Market Conditions
Deepak Chemtex Ltd issued a clarification regarding the price movement of its security, stating that the recent activity in the stock is purely market driven. The company confirmed that there is no additional information or impending announcement that bears on the price or volume behavior of its scrip.The company affirmed that its management is not connected to any observed increase in the price or volume of the stock. According to the clarification, the movement in the scrip's price and volume is solely attributed to prevailing market conditions.
Deepak Chemtex Ltd noted that it has maintained a consistent record of disseminating price sensitive information as and when required. The statement confirms that the company has been regularly informing the market about such material details.
The clarification was issued on April 08, 2026, by the company's Managing Director, Saurabh Deepak Arora.
Stock Price Movement
At the close of trade on Wednesday, Deepak Chemtex Ltd settled at ₹93.99, climbing 2.16% for the session. Throughout the day, the shares navigated a range, testing lows near ₹91.25 before ultimately finishing closer to ₹94.99.Source:
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