Sumitomo Chemical India Outperforms Sector with 3.18% Stock Increase

Dec 24 2024 02:05 PM IST
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Sumitomo Chemical India has recently experienced a revision in its score, reflecting its strong market performance. The stock outperformed its sector and demonstrated resilience, with notable gains over the past month. Additionally, it has been added to MarketsMojo's list, further highlighting its competitive position in the chemicals industry.
Sumitomo Chemical India has demonstrated a robust performance in the chemicals sector, gaining 3.18% on December 24, 2024. The stock outperformed its sector by 1.59%, showcasing its resilience in a competitive market. During the trading session, it reached an intraday high of Rs 535.75, reflecting a notable increase of 4.84%.

In terms of moving averages, the stock is currently positioned above the 200-day moving average, indicating a long-term positive trend. However, it remains below the 5-day, 20-day, 50-day, and 100-day moving averages, suggesting some short-term volatility.

Over the past day, Sumitomo Chemical India Ltd recorded a performance of 2.71%, contrasting sharply with the Sensex, which saw a slight decline of 0.04%. Additionally, the company has shown a monthly performance of 2.19%, while the Sensex experienced a decrease of 0.77%. These metrics highlight Sumitomo Chemical India's strong market position and its ability to navigate challenging market conditions effectively.
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