India's Sumitomo Chemicals hits 16-month high on Q4 profit rise

Sumitomo Chemical India

28/05/2024 06:06

** Shares of Sumitomo Chemicals India  SUMH.NS  rise as much
9.1% to highest since Jan 2023 
    ** Stock sees best intraday jump since Feb 2023
    ** Co on Monday reported rise in Q4 profit, helped by
improved demand and lower inventories
    ** SUMH shares up 20.4% vs 10.5% gains in S&P BSE 500 index
 .BSE500 
    



 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))