Sudarshan Chemical Industries Stock Declines by -5.1% Amidst Broader Industry Trend.

Sudarshan Chemical Industries, a midcap company in the dyes and pigments industry, has seen a decline in its stock price by -5.1% on October 22, 2024. According to MarketsMOJO, the stock is currently rated as 'Hold'.

In today's trading session, the stock underperformed the sector by -1.67%. This is in line with the overall trend of the stock, which has been on a downward trend for the past four days and has seen a decline of -12.56% during this period. The stock also touched an intraday low of Rs 962.1, representing a decrease of -4.96%.

While the stock's performance may be concerning, it is worth noting that it is still trading higher than its 100-day and 200-day moving averages. However, it is currently lower than its 5-day, 20-day, and 50-day moving averages.

In terms of the sector, Dyes & Pigments has also seen a decline of -3.07%, indicating a broader trend in the industry.

Comparing the performance of Sudarshan Chemical Industries to the overall market, the stock has underperformed the Sensex by -5.28% in the past day and -8.57% in the past month. This suggests that the company's stock may be facing some challenges in the current market conditions.

Overall, Sudarshan Chemical Industries' stock has seen a decline in its price and is currently rated as 'Hold' by MarketsMOJO. Investors may want to keep an eye on the stock's performance in the coming days to see if it can bounce back from its recent downward trend.