Sumitomo Chemical India Faces Continued Stock Decline Amid Broader Market Trends

Feb 28 2025 10:35 AM IST
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Sumitomo Chemical India has faced a significant decline in stock performance, falling for four consecutive days and experiencing a total drop over this period. The stock is trading below multiple moving averages, reflecting ongoing challenges in the market compared to its sector and the broader index.
Sumitomo Chemical India has experienced a notable decline in its stock performance today, with a decrease of 3.03% as of February 28, 2025. This drop marks a continuation of a downward trend, as the stock has now fallen for four consecutive days, resulting in a total decline of 7.33% over this period.

In today's trading, the stock reached an intraday low of Rs 458.45, reflecting a decrease of 3.15%. When compared to its sector, Sumitomo Chemical India underperformed by 1.21%. Over the past month, the stock has seen a decline of 6.48%, while the broader Sensex index has only decreased by 2.85%.

Additionally, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent bearish trend. These performance indicators highlight the challenges faced by Sumitomo Chemical India in the current market environment.
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