Sumitomo Chemical India Faces Continued Stock Decline Amid Broader Market Stability

Jan 22 2025 01:50 PM IST
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Sumitomo Chemical India has encountered significant challenges, with its stock declining 3.08% on January 22, 2025, and a total drop of 10.60% over the past month. The company's performance contrasts sharply with the Sensex, which has shown minimal movement, indicating a tough market environment for the chemicals sector.
Sumitomo Chemical India has recently faced notable challenges in its stock performance, with a decline of 3.08% on January 22, 2025. This drop continues a downward trend, resulting in a total decrease of 3.93% over the past two days. The stock hit an intraday low of Rs 476, marking a 3.28% decline during the session.

In the context of the broader market, Sumitomo Chemical India's performance stands in stark contrast to the Sensex, which saw a slight increase of 0.01%. Over the past month, the company's stock has experienced a significant decline of 10.60%, while the Sensex has only decreased by 2.81%.

Currently, Sumitomo Chemical India is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, highlighting a challenging market environment for the company. Additionally, the chemicals sector overall has reported a downturn, with a decline of 3.13%.
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