Sumitomo Chemical India's Stock Faces Dip, But Remains Strong in Chemicals Industry

Sumitomo Chemical India, a leading player in the chemicals industry, has recently faced a dip in its stock performance. On November 13, 2024, the company's stock saw a decline of -3.03%, underperforming the sector by -1.47%. This has led to a consecutive fall for the last four days, with a total decline of -9.22% in this period.

Despite this recent dip, MarketsMOJO has given a 'Buy' call for Sumitomo Chemical India's stock. The company's stock has been consistently performing well, with its current price being higher than the 200-day moving average. However, it is currently lower than the 5-day, 20-day, 50-day, and 100-day moving averages.

In terms of performance, Sumitomo Chemical India's stock has seen a -2.91% decline in the past day, while the Sensex has only seen a -0.59% decline. Similarly, in the past month, the company's stock has seen a -4.97% decline, while the Sensex has seen a -3.90% decline.

Despite the recent dip in stock performance, Sumitomo Chemical India remains a strong player in the chemicals industry. With its consistent performance and a 'Buy' call from MarketsMOJO, investors can have confidence in the company's future prospects.