Chemplast Sanmar's Stock Declines in Line with Chemical Sector Performance

Chemplast Sanmar, a midcap chemical company, saw a decline in its stock price on October 25th, 2024. The stock lost -5.62% and closed at Rs 442.45. This decline was in line with the overall performance of the chemical sector, as Chemplast Sanmar underperformed the sector by -2.92%.

The stock's intraday low was Rs 440.4, a decrease of -5.17% from the previous day's closing price. Chemplast Sanmar's stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in its price.

According to MarketsMOJO, a leading stock analysis platform, the stock's call is 'Sell'. This recommendation is based on the stock's recent performance and market trends, and is not influenced by any external factors such as investor interest or expert opinions.

In comparison to the overall market performance, Chemplast Sanmar's stock has underperformed. On the same day, the Sensex, India's benchmark index, saw a decline of -0.61%, while Chemplast Sanmar's stock declined by -5.62%. In the past month, the stock has seen a decline of -15.20%, while the Sensex has declined by -6.57%.

Overall, Chemplast Sanmar's stock has seen a decline in its price, in line with the performance of the chemical sector. The stock's current trend and recommendation by MarketsMOJO suggest a cautious approach for investors.