Chemplast Sanmar's Stock Price Drops 5.1% Amidst Overall Decline in Chemical Sector

Chemplast Sanmar, a midcap chemical company, saw a decline of -5.1% in its stock price on October 22, 2024. This underperformance was noted by MarketsMOJO, who have given a 'Sell' call for the stock. The stock touched an intraday low of Rs 462, which is a decrease of -3.58%.

The company's stock is currently trading lower than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a downward trend. The chemical sector as a whole has also seen a decline of -3.16%.

In comparison to the overall market performance, Chemplast Sanmar's stock has underperformed. On the same day, the Sensex saw a decrease of -1.11%, while the stock's 1 day performance was -5.10%. Similarly, the stock's 1 month performance was -12.69%, while the Sensex saw a decrease of -5.07%.

While there is no information available on the reason for the decline in Chemplast Sanmar's stock price, investors should keep an eye on the company's future performance and any updates from the company. As of now, MarketsMOJO's 'Sell' call suggests caution for potential investors.