Sumitomo Chemical India’s Stock Price Declines in Line with Sector Trend
Sumitomo Chemical India, a major player in the chemicals industry, saw a -3.27% decline in its stock price on October 25, 2024. This is in line with the sector’s overall trend, which fell by -2.16% on the same day. According to MarketsMojo, the current stock call for Sumitomo Chemical India is ‘Hold’. The stock has also seen a trend reversal, falling after two consecutive days of gains. It is currently trading above its 200-day moving average but below its 5-day, 20-day, 50-day, and 100-day moving averages, indicating a mixed trend in the short term. In comparison to the market, Sumitomo Chemical India has underperformed the Sensex by -3.42% in the past day and -9.64% in the past month. Investors should conduct…
