Sumitomo Chemical India's Stock Sees Third Consecutive Day of Losses

Sumitomo Chemical India, a leading player in the chemicals industry, saw a dip in its stock performance on October 21, 2024. The company's stock lost -3.02% on this day, underperforming the sector by -2.49%. This marks the third consecutive day of losses for the company, with a total decline of -7.23% in this period.

Despite this recent dip, Sumitomo Chemical India's stock opened with a gain of 2.29% today, reaching an intraday high of Rs 558.5. However, it later touched an intraday low of Rs 529.5, resulting in a net loss for the day.

The company's moving averages show a mixed trend, with the stock currently higher than its 100-day and 200-day moving averages, but lower than its 5-day, 20-day, and 50-day moving averages.

On a broader scale, Sumitomo Chemical India's 1-day performance is -3.02%, while the Sensex's performance for the same period is 0.09%. Similarly, the company's 1-month performance stands at -5.51%, while the Sensex has seen a decline of -3.84% in the same period.

While the stock call for Sumitomo Chemical India by MarketsMOJO is 'Hold', it is important to note that this article is purely based on factual information and does not include any external data or sources. As a largecap company in the chemicals industry, Sumitomo Chemical India's stock performance is closely watched by investors and analysts.