Sudarshan Chemical Faces Ongoing Challenges Amid Sector Decline and Mixed Momentum

Jan 24 2025 03:20 PM IST
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Sudarshan Chemical Industries has seen a significant decline in its stock performance, with shares dropping 5.35% today and 7.5% over the past four days. The stock's mixed momentum is evident as it remains above its 200-day moving average but below several shorter-term averages, amid broader sector challenges.
Sudarshan Chemical Industries, a midcap player in the Dyes & Pigments sector, has experienced a notable decline today, with shares falling by 5.35% on January 24, 2025. This performance marks a continuation of a downward trend, as the stock has now lost 7.5% over the past four days.

In today's trading, Sudarshan Chemical reached an intraday high of Rs 1,116, reflecting a modest increase of 2.32%, but it also hit a low of Rs 1,033.95, down 5.2%. The stock's performance has underperformed its sector, which has seen an overall decline of 3.04%.

When examining moving averages, Sudarshan Chemical's stock is currently above its 200-day moving average but below the 5-day, 20-day, 50-day, and 100-day averages, indicating mixed short-term momentum. Over the past month, the stock has declined by 8.34%, contrasting with the Sensex's decrease of 2.90%. Overall, the current market position reflects a challenging environment for Sudarshan Chemical Industries amidst broader sector pressures.
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