Sumitomo Chemical India Outperforms Sector with 3.7% Stock Increase

Sumitomo Chemical India has demonstrated a notable performance in the stock market, gaining 3.7% on December 30, 2024. The company has outperformed its sector by 2.84%, showcasing its strong position within the chemicals industry. On this day, the stock reached an intraday high of Rs 532.2, reflecting a 2.63% increase. In terms of moving averages, Sumitomo Chemical India is currently positioned higher than its 5-day and 200-day moving averages, indicating a positive short-term trend. However, it remains below the 20-day, 50-day, and 100-day moving averages, suggesting some volatility in the medium term. Over the past day, the company's stock performance of 4.14% significantly surpassed the Sensex, which recorded a modest gain of 0.40%. Despite a slight decline of 2.45% over the past month, compared to the Sensex's decrease of 0.99%, Sumitomo Chemical India continues to maintain a strong presence in the large-cap segment of the market.