Sumitomo Chemical India Ltd. (SUMICHEM) is one of the leading players in the industry which has a balanced portfolio of technical as well as formulation products along with backward integration for some products. The Company is known for domestic marketing of proprietary products of its Japanese parent Sumitomo Chemical Company Limited in agro chemicals, animal nutrition, and environmental health business segments. With the integration of Excel Crop Care Limited, the Company now has a strong portfolio of generics in addition to specialty products and a strong combined marketing network. With this integration, the Company has moved up several notches in the pecking order of the Indian crop protection industry. Sumichem has also marked its presence in Africa and several other geographies of the world.
Today 19.06.2023 stock closed 428.45 and stock good breakout done today. Short term good up movement expected.