Recent Price Movement and Market Context
Sumitomo Chemical India Ltd has been under pressure recently, with the stock falling 2.66% over the past week while the Sensex gained 0.79% in the same period. The decline is more pronounced over the last month, where the stock has dropped 14.52%, contrasting with a 0.95% rise in the benchmark index. Year-to-date, the stock is down 15.40%, whereas the Sensex has advanced by 9.08%. This underperformance extends to the one-year horizon, with the stock losing 11.68% compared to the Sensex’s 10.47% gain. Even over three and five years, Sumitomo Chemical’s returns lag behind the broader market, highlighting persistent challenges in delivering competitive growth.
On 21-Nov, the stock traded close to its 52-week low, just 1.3% above th...
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