Sumitomo Chemical India climbs after Q1 profit surge

Sumitomo Chemical India

04/08/2025 09:55

** Shares of Sumitomo Chemical India SUMH.NS rise as much as 5.5%, before trimming gains to trade 1.5% higher at 640 rupees
** Co posts 40% jump in Q1 consol net profit to 1.78 bln rupees ($20.3 mln), as 26% revenue growth outweighed a 23% rise in expenses
** Nearly 2.8 mln shares traded, 3.8x its 30-day moving avg
** Daily trading vol above 2.7 mln for the second time in 2025
** Avg rating of six analysts is "strong buy", but median PT is 613 rupees, ~4% lower than current price - data compiled by LSEG
** SUMH up 20% YTD

($1 = 87.6675 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))