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S Naren says: “Old investors can stay invested but new money coming in should be spread across asset class. We are much more focussed on the fact that new money should be invested more carefully than taking out old money. Old money can just stay invested. I do not think we are going to see 2020 markets or 2021 market levels easily.”

The stock quoted a 52-week high price of Rs 340.75 and a 52-week low of Rs 207.85.

Sumitomo Chemical India Ltd., incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 20167.98 Crore) operating in Pesticides/Agro Chemicals sector.

As of 30-Sep-2023, promoters held 68.61 per cent stake in the company, while FIIs held 11.44 per cent and domestic institutional investors had 3.57 per cent.

A total of 54,900 shares changed hands on the counter till 12:58PM (IST)

But after partying hard in the last couple of months, fatigue among bulls is likely to be seen entering into the New Year, shows various data indicators.

However, key benchmark indices Nifty50 and Sensex clocked a 20% rise in 2023, aided by steady domestic inflows, return of foreign inflows, strong domestic growth, steady earnings and an easing global interest rate outlook.

With 54% of FY23 bookings already achieved in 1HFY24, the listed universe (top 12 players) remains on track to surpass the FY24 guidance of 15-20% growth.