Sumitomo Chemical India's Stock Price Sees 3.01% Increase, Outperforms Sector and Sensex

Sumitomo Chemical India, a leading player in the chemical industry, saw a 3.01% increase in its stock price on October 8th, 2024. The stock was given a 'Hold' call by MarketsMOJO, a leading financial analysis platform.

The stock outperformed the sector by 1.67% and touched an intraday high of Rs 537.95, a 3.1% increase. The stock's moving averages were higher than the 100 day and 200 day moving averages, but lower than the 5 day, 20 day, and 50 day moving averages.

In comparison to the Sensex, Sumitomo Chemical India's 1 day performance was 3.58%, while the Sensex's performance was 0.67%. Similarly, in the past month, Sumitomo Chemical India's performance was 0.55%, slightly higher than the Sensex's performance of 0.50%.

Sumitomo Chemical India's consistent performance and strong presence in the chemical industry make it a reliable choice for investors. With a largecap size, the company has a stable financial standing and is well-positioned for future growth. Investors can consider holding onto their stocks in Sumitomo Chemical India for potential long-term gains.