Sudarshan Chemical Industries' Stock Sees -5.13% Decline, 'Hold' Call by MarketsMOJO

Sudarshan Chemical Industries, a midcap company in the dyes and pigments industry, has seen a decline in its stock price by -5.13% on November 13, 2024. This has led to a 'Hold' call by MarketsMOJO for the stock.

The stock has underperformed the sector by -2.6% on the same day. It has also been on a downward trend for the past 5 days, with a fall of -10.23% during this period. The stock touched an intraday low of Rs 933.5, showing a decline of -5.13%.

While the stock's performance today may be a cause for concern, it is worth noting that it is still higher than its 200-day moving average. However, it is lower than its 5-day, 20-day, 50-day, and 100-day moving averages.

In the dyes and pigments sector, Sudarshan Chemical Industries is not the only company facing a decline. The sector as a whole has fallen by -2.66%. This could be due to various factors such as market conditions and industry trends.

Comparing the stock's performance to the overall market, Sudarshan Chemical Industries has seen a decline of -5.13% while the Sensex has only seen a decline of -0.62% on the same day. In the past month, the stock has seen a decline of -22.69% while the Sensex has only seen a decline of -3.92%.

It is important to note that this article is based on factual information and does not include any external data or sources. As a midcap company in the dyes and pigments industry, Sudarshan Chemical Industries' stock performance may be affected by various factors and investors are advised to do their own research before making any investment decisions.