Sumitomo Chemical India falls after Q3 profit drop

Sumitomo Chemical India

01/02/2024 09:19

** Shares of Sumitomo Chemical India  SUMH.NS  fall ~3% to
403.75 rupees
    ** Agro chemicals provider reported a 40% slump in Dec-qtr
consol net profit
    ** Analysts' avg rating on SUMH at "buy;" median PT is 442
rupees, 9.5% higher than current price - LSEG data
    ** Stock down 17% in 2023 after gaining for two straight
years
    

 (Reporting by Kashish Tandon)
 ((kashish.tandon@thomsonreuters.com))