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SUMICHEM
401234567897012345678930123456789.1012345678900123456789
+5.85 (+1.25%)
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Budding Traders

Both #NIFTY50 & #NIFTYBANK are well poised after recording highest ever monthly closing. While BNF has already broken out, NF is yet to break out on MTF. 17900-18100 is supply zone in higher TF above which we are welcome a new ATH. 17000-17200 is hell of a base now and would be a tough but to crack. Buy in every dip. Sectors in Focus: FMCG, Energy & Realty. Stocks to watch: #ASAHIINDIA, #SUMICHEM, #HINDUNILVR Wishing you a profitable day ahead!

Equity And Option Trader

Equity And Option Trader

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9amPrime

Sharekhan target on SUMICHEM Date: 08-Apr-22 Broker: Sharekhan Price @ Call: 426 Target: 500 Potential: 17.37% Recommendation: BUY

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UPL First buyback after 8 years and future scenario On Monday, UPL was one of the few companies in the Nifty 50 index to finish higher. The board of the agro supplies supplier authorised a repurchase of equity shares last week, amid allegations that the company's promoters are in discussions to sell it. The repurchase was authorised by the board on March 2, and the share sale reports were released the following day. This will be UPL's first repurchase in eight years, according to Moody's Investors Service. The business last did a stock repurchase in 2014. Listed firms are increasingly using buybacks to return cash to shareholders. The IT services business is a good example. The promoter group for UPL is not anticipated to participate in the repurchase. As a consequence, according to Moody's estimates, a successful repurchase may increase promoters' share in UPL by 50 basis points to 28.7%. A repurchase, on the other hand, might offer support for the stock, particularly in light of the current equity market fall, assisting its valuation and the promoters' share sale discussions. It's worth noting that the repurchase price is 20% more than the stock's current market price. The Rs 1,100 crore repurchase also sends a crucial message about UPL's financial situation. It means the business is on track with its profits, cash flow, and debt reduction goals. "In this context, a repurchase is expected as a result of the company's robust cash inflows in Q4" (FY22). In general, 80% of yearly OCF for UPL is produced in the second half of the year," Investec Securities analysts said in a report. The OCF stands for operational cash flows. Readers may remember that UPL was plagued with debt as a result of its $4.2 billion purchase of Arysta LifeScience Corp. UPL has concentrated on deleveraging and debt repayment in the aftermath of the Arysta acquisition. UPL's readiness to perform its first buyback after the Arysta purchase suggests the firm is well on its way to debt reduction, with enough cash put aside for a buyback. In January, UPL prepaid a number of debts. It is expected to repay additional debt in the current quarter, bringing the net debt to EBITDA excluding perpetual bonds down to less than 2 times by the end of the current fiscal year, perhaps as low as 1.9 times. Net debt to EBITDA was 2.2 times at the end of FY21, down from 3 times in FY20. Earnings before interest, taxes, depreciation, and amortisation are referred to as EBITDA. "The buyback will be paid for with UPL's consolidated cash, which is expected to total $500 million by December 2021. "However, we estimate UPL's strong free cash flow production to allow a $500 million decrease in gross debt each year," Moody's says. Despite the epidemic and other hurdles, UPL's steady development has allowed it to repay its debts. Revenues increased in the previous two fiscal years, and the company's performance in the first nine months of FY22 surpassed growth expectations. For UPL, the fourth quarter of the fiscal year is often robust. The corporation liquidates inventory created in the previous quarter (9M FY22) and utilises the profits to pay off working capital debts throughout the quarter. These ideas seem to be on the right track. The company's sales growth estimate for FY22 is expected to be exceeded by the majority of analysts. "A positive agricultural forecast in Latin America and North America (weather + robust farm commodity prices) bodes well for UPL and should assist in debt reduction," says Investec. Of course, not everything is as it seems. Commodity prices have risen again, and supply chain limitations have resurfaced as a result of the European war. UPL may face difficulties as a result of its global presence. Raw material price increases may drive up manufacturing costs, while supply chain bottlenecks might cause demand fulfillment challenges. Furthermore, it is unclear why the promoters desire to leave the firm after growing it into a worldwide corporation. The stock will also benefit from clarity on the stake sale and earnings performance. #UPL #RALLIS #DHANUKA #SUMICHEM

Voyage Capital

Nirmal Bang target on SUMICHEM Date: 04-Feb-22 Broker: Nirmal Bang Price @ Call: 395 Target: 493 Potential: 24.81% Recommendation: BUY

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Tmt View

Buy #SUMICHEM @400 tgt1- 450 tgt2- 520

Sasanka Behera

Nirmal Bang target on SUMICHEM Date: 03-Nov-21 Broker: Nirmal Bang Price @ Call: 378 Target: 477 Potential: 26.19% Recommendation: BUY

ReportBot

#SUMICHEM #GAEL are two fundamentally strong companies under 400. Allocate your short term trading profits to long term investments. #NIFTY50 #InvestmentIdeas

Bimla Investments

Cambist Analytics

Big positive for Sumitomo chemicals. Glufosinate, glyphosate prices rise on huge shortages. Sumitomo makes these products http://news.agropages.com/News/NewsDetail---37569.htm #SUMICHEM

Alpha Signals

10-12-20 Exit Alert - Sumitomo LTP 300.70/- Entered At 317/- Exit trade, Average loss of 2% #SUMICHEM

Alpha Signals

Alpha Signals

**Sumitmmo Chemical - Q4 FY20 (Audited –Cons)** CMP: 274 Total revenue from operations 445.7 Cr 421.7 Cr (5.71%) YoY | 523 Cr (-14.92%) QoQ Year ending revenue: 2,424 Cr Vs. 2,228 Cr (8.79%) Net Profit of 22.9 Cr (1.1) Cr (2181.18%) YoY 0.60 Cr (3716.13%) QoQ Year ending Net profit: 204.6 Cr Vs. 165.7 Cr (23.61%) EPS (in Rs.) 0.46 (0.02) YoY | 0.01 QoQ Year ending EPS: 4.10 Vs. 3.32 View: Result is overall good and fair. YoY revenue increased and profit increased multifold as YoY company posted losses and QoQ company posted very nominal profit. **Business Updates & Highlights**: Q4FY20 EBITDA is around INR 46.9 Cr Vs. 29.7 Cr in Q4FY19 therefore up by 57.9% in YoY and FY20 EBITDA is around INR 338.9 Cr Vs. 294.9 Cr in FY19 therefor up by at 14.9%. Q4FY20 EBITDA margin is around 10.5% Vs. 7.01% in Q4FY19. FY20 EBITDA margin is around 13.9% Vs. 13.3% in FY19. Q4FY20 Agro chemicals business which contributed around 90% in topline grew by 5.5% in YoY and others grew by 5.6% in YoY. Bottomline in agro chemicals business grew by 38% (*Very Positive*) in YoY and others grew by (37.8%). **Recently the Government of India released a draft notification for public comments regarding proposed ban of some agro-chemical products. The list of products proposed to be banned includes some of the Company's products (two technical grade products and some other formulated products). The matter is being discussed at various forums such as various industry associations and farmers associations. Such forums and the Company are expected to take necessary actions to defend these products such as filing suitable explanations and technical justifications with authorities for favorable technical assessment and if necessary, other legal recourse. Based on the management understanding and expectations, the matter is not likely to have material adverse impact on the Company's operations as restrictions, if any, are not expected to be applicable to exports** **Board of Directors has declared dividend for the F.Y. 2019-20 of Re 0.55 per equity share which is subject to the approval of the members in the Annual General Meeting** **Financial** ROE and ROCE is around 17% and 26% respectively and book value per share is around INR 21 and share is currently trading at 13.5x of its book value. Company is currently trading at annualized PE of around 69 which is high as per industry benchmark. Promoter holding is around 80.3% in the company which is very strong and stable. Insurance cos and Mutual fund hold around 3.7% and 0.9% in the company. Cash and cash equivalent from operating activities as of March 2020 is around INR 221.3 Cr Vs. 77.7 Cr as of March 2019 which is also very positive. Company is virtually debt free Position: Share strong support price is INR 248/218. Long term investor should continue with the company for the target price of INR 400. Short term share can go till 295/310. **Share View**: Share price high 281 (52 week) and now 274. Sumitomo Chemical India Ltd. (SCIL) manufactures, imports and markets products for Crop Protection, Grain Fumigation, Rodent Control, Bio Pesticides, Environmental Health, Professional Pest control and Feed Additives for use in India. SCIL has also marked its presence in Africa and several other geographies of the world. Opportunities: Company product range comprises of conventional chemistry sourced from parent company, Sumitomo Chemical Company and biological products sourced from USA based subsidiary, Valent Biosciences LLC, a leader in producing a range of naturally occurring, environmentally compatible pesticides and plant growth regulators, for over 40 years. Strong management and highly follow corporate governance mechanism. Highly diversified product ranges which domestic and international market formulation. During this pandemic time also company business marginally impacted only due to logistics and supply chain related things. Risk: Expensive valuation at present as compare to peers like Godrej Agro, Arti Ind, Vinati organics etc. although no direct competition or different product categories. Disclaimer: Views are shared based on market research and study and personal in nature. Others can take the different view and opinions. Please do the thoroughly study before enter or exit the shares. #SUMICHEM

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Vikas Prajapati-display-image
Reputation: 762  •  Nov 14 1:49 AM

#SUMICHEM trading in channel formation since last 1 year. Now it's bottom of the channel

Can be traded for swing up to 490 to 500

SL 450
Chartbusters - chart - 15860556
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Reputation: 27,770  •  Nov 2 12:03 PM
Buy Sumitomo Chemicals; target of Rs 570: ICICI Direct
ICICI Direct is bullish on Sumitomo Chemicals recommended buy rating on the stock with a target price of Rs 570 in its research report dated November 01, 2022.
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Reputation: 27,770  •  Nov 1 2:33 AM
Buy Sumitomo Chemical India; target of Rs 610: Prabhudas Lilladher
Prabhudas Lilladher is bullish on Sumitomo Chemical India has recommended buy rating on the stock with a target price of Rs 610 in its research report dated October 31, 2022.
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Reputation: 27,770  •  Nov 1 2:33 AM
Buy Sumitomo Chemical India; target of Rs 570: Sharekhan
Sharekhan is bullish on Sumitomo Chemical India has recommended buy rating on the stock with a target price of Rs 570 in its research report dated October 31, 2022.
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Reputation: 27,770  •  Sep 19 12:08 PM
Trade Spotlight | What should you do with Bharat Dynamics, Sumitomo Chemical India, Thermax on Monday?
Sumitomo Chemical India share price climbed more than 6 percent to end at record closing high of Rs 524 and formed strong bullish candlestick pattern on the daily charts, engulfing previous six days' negative candle, with above average volumes. It has seen a breakout of long upward sloping resistance trend line adjoining July 15, 2021 and July 12, 2022.
Moneycontrol
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Budding Traders-display-image
Reputation: 1,224  •  Sep 16 12:19 PM

Breakout in SUMICHEM in Daily and Weekly Timeframes

Entry: 524 ( CMP )
Target: 610

DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.

Chartbusters - chart - 12629407
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Mrinal Kumar-display-image
Reputation: 16  •  Sep 16 10:19 AM

#SUMICHEM such an underrated stock always slides below the eyes of general investers if you look at the graphs of sumimoto chemicals and research about it you will realise how great of a stock it is for your portfolio 😈💪
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Reputation: 37,391  •  Sep 1 12:43 PM

Both #NIFTY50 & #NIFTYBANK are well poised after recording highest ever monthly closing. While BNF has already broken out, NF is yet to break out on MTF. 17900-18100 is supply zone in higher TF above which we are welcome a new ATH. 17000-17200 is hell of a base now and would be a......read more
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Equity And Option Trader-display-image
Reputation: 37,391  •  Aug 31 3:11 AM
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Chartsandequity-display-image
Reputation: 4,233  •  Aug 30 2:46 AM
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Reputation: 27,770  •  Aug 14 5:03 AM
Buy Sumitomo Chemicals; target of Rs 565: ICICI Direct
ICICI Direct is bullish on Sumitomo Chemicals has recommended buy rating on the stock with a target price of Rs 565 in its research report dated August 12, 2022.
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Reputation: 27,770  •  Aug 13 5:33 AM
Buy Sumitomo Chemical India; target of Rs 510: Prabhudas Lilladher
Prabhudas Lilladher is bullish on Sumitomo Chemical India has recommended buy rating on the stock with a target price of Rs 510 in its research report dated August 11, 2022.
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Reputation: 27,770  •  Aug 13 5:33 AM
Buy Sumitomo Chemical India; target of Rs 540: Sharekhan
Sharekhan is bullish on Sumitomo Chemical India has recommended buy rating on the stock with a target price of Rs 540 in its research report dated August 10, 2022.
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Team SharmaStocks®-display-image
Reputation: 613  •  Aug 9 12:35 PM

#SUMICHEM Q1 :CONS NET PROFIT UP 30.5 % AT 138 CR (YOY), UP 84 % (QOQ)
REVENUE UP 26 % AT 985 CR (YOY) ,UP 48 % (QOQ)
EBITDA UP 26 % AT 188 CR (YOY),UP 73 %(QOQ)
MARGINS AT 19.07 % V 19.06 % (YOY), 16.4 % (QOQ)
Another good set of numbers 👍
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Reputation: 20,221  •  May 25 12:30 PM

#SUMICHEM will declare results on May 27, 2022
Do you have any view on the results? Let's aggregate whatever information we have from other sources for everyone's benefit.
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Reputation: 27,770  •  May 18 12:28 PM
Hot Stocks | Double-digit return possible in Sumitomo Chemical, Rupa & Company, Jash Engineering in short term. Here's why
Jash Engineering is in strong bullish momentum and outperforming the broader market. It took support at 50-DMA after a pullback and now it is witnessing a breakout of bullish flag formation to resume its bullish momentum where Rs 780 looks an immediate target.
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9amPrime-display-image
Reputation: 10,094  •  May 5 4:27 AM


⭐️Target 2 achieved in SUMICHEM. Gain of 33% Target 3 is ON..⭐️
Target 3=528

Breakout chart as well as follow up chart added for reference. Charts are self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.

IMP POINTS:

1. Sumitomo Chemic......read more
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Reputation: 27,770  •  Apr 14 6:13 AM
Sumitomo Chemical Q4 PAT seen up 71.6% YoY to Rs. 92.8 cr: ICICI Direct
Net Sales are expected to increase by 21.8 percent Y-o-Y (down 8 percent Q-o-Q) to Rs. 650.6 crore, according to ICICI Direct.
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Reputation: 39,713  •  Apr 11 4:30 AM

Sharekhan target on SUMICHEM
Date: 08-Apr-22 Broker: Sharekhan Price @ Call: 426 Target: 500 Potential: 17.37% Recommendation: BUY
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Reputation: 27,770  •  Apr 9 1:58 AM
Buy Sumitomo Chemical India: target of Rs 500: Sharekhan
Sharekhan is bullish on Sumitomo Chemical India has recommended buy rating on the stock with a target price of Rs 500 in its research report dated April 08, 2022.
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Ravi Gautam-display-image
Reputation: 0  •  Apr 1 3:47 AM

Sumitomo chemical buy above 460...read more
Chartbusters - chart - 8506532
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Voyage Capital-display-image
Reputation: 2,707  •  Mar 9 5:58 AM

UPL First buyback after 8 years and future scenario

On Monday, UPL was one of the few companies in the Nifty 50 index to finish higher. The board of the agro supplies supplier authorised a repurchase of equity shares last week, amid allegations that the company's promoters are i......read more
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Reputation: 39,713  •  Feb 9 11:30 AM

Prabhudas Lilladher target on SUMICHEM
Date: 07-Feb-22 Broker: Prabhudas Lilladher Price @ Call: 418 Target: 500 Potential: 19.62% Recommendation: BUY
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Reputation: 39,713  •  Feb 4 6:30 AM

Nirmal Bang target on SUMICHEM
Date: 04-Feb-22 Broker: Nirmal Bang Price @ Call: 395 Target: 493 Potential: 24.81% Recommendation: BUY
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Tmt View-display-image
Reputation: 4,043  •  Feb 4 5:15 AM

(TMT) SUMICHEM CMP 413.45:- Trend line breakout now 395-390 support if not break then possible 550-600. #SUMICHEM
SUMICHEM - 7367275
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Reputation: 20,221  •  Feb 1 12:30 PM

#SUMICHEM will declare results on Feb 3, 2022
Do you have any view on the results? Let's aggregate whatever information we have from other sources for everyone's benefit.
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Sasanka Behera-display-image
Reputation: 206  •  Jan 6 3:56 AM

Buy #SUMICHEM @400 tgt1- 450 tgt2- 520
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Arsh Trades-display-image
Reputation: 1,921  •  Nov 17, 2021 5:21 AM
ARSH TRADES in SUMICHEM
SUMICHEM SETUP BUY ABOVE - 385 STOPLOSS - 365 ...
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Arsh Trades-display-image
Reputation: 1,921  •  Nov 16, 2021 5:19 AM
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Reputation: 39,713  •  Nov 11, 2021 5:30 AM

ICICIdirect.com target on SUMICHEM
Date: 02-Nov-21 Broker: ICICIdirect.com Price @ Call: 378 Target: 505 Potential: 33.6% Recommendation: BUY
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Reputation: 39,713  •  Nov 11, 2021 5:30 AM

ICICIdirect.com target on SUMICHEM
Date: 02-Nov-21 Broker: ICICIdirect.com Price @ Call: 378 Target: 505 Potential: 33.6% Recommendation: BUY
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Reputation: 39,713  •  Nov 3, 2021 3:30 AM

Nirmal Bang target on SUMICHEM
Date: 03-Nov-21 Broker: Nirmal Bang Price @ Call: 378 Target: 477 Potential: 26.19% Recommendation: BUY
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Harry-display-image
Reputation: 1,825  •  Oct 29, 2021 1:10 AM

*Sumitomo Chemical India Ltd.* | *CMP* Rs. 388 | *M Cap* Rs. 19367 Cr | *52 W H/L* 460/265
(Nirmal Bang Retail Research)
*Result is marinaly below expectations*
Revenue from Operations came at Rs. 910.4 Cr (16.4% QoQ, 0.9% YoY) vs expectation of Rs. 995.7 Cr, QoQ Rs. 782 Cr, YoY ......read more
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Bimla Investments-display-image
Reputation: 520  •  Oct 21, 2021 5:46 AM

#SUMICHEM #GAEL are two fundamentally strong companies under 400. Allocate your short term trading profits to long term investments.
#NIFTY50 #InvestmentIdeas
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Cambist Analytics-display-image
Reputation: 1,682  •  Oct 5, 2021 3:33 AM

EOD 5-10-2021 ... LTP = 418.90 ... BUY FOR 6-10-2021 ...
BUY RANGE = LTP/ OPEN-down to- 407
TARGET = 440-460
STOPLOSS = CLOSE BELOW 397
TIME FRAME = 1-3 WEEKS

TECHNICAL VIEWS ...
Brekout from Downwards Channel Pattern on daily chart,
Technical indicators like RSI, ......read more
SUMICHEM - 5072848
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Shyamkumar S-display-image
Reputation: 17,304  •  Aug 31, 2021 6:41 AM

Swing Trade :Buy #SUMICHEM at 420 to 426 For Target aof 455 to 460 With Stoploss Of 395
Holding Period 1 Month
SUMICHEM - chart - 4421508
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Shyamkumar S-display-image
Reputation: 17,304  •  Aug 12, 2021 2:53 AM

Positional Veiw : Buy #SUMICHEM Around 415 to 419 For Target Of 440 With Stoploss Of 397
SUMICHEM - chart - 4225878
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Nifty Profit Makers-display-image
Reputation: 4,614  •  Aug 5, 2021 2:07 AM
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Reputation: 20,221  •  Aug 2, 2021 12:30 PM

#SUMICHEM will declare results on Aug 4, 2021
Do you have any view on the results? Let's aggregate whatever information we have from other sources for everyone's benefit.
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TechMentalAK-display-image
Reputation: 11,938  •  Jul 14, 2021 5:40 AM

SWING
2 days to 20 days position
Cash Segment
SumiChem looks good around 450
Weak below 434 (risk 16pts)
Looking for 475 (reward 25pts)
Do your own analysis and decide
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Spoiledbrahmin-display-image
Reputation: 1,182  •  Jul 7, 2021 2:14 AM

#SUMICHEM : Co. In Talks with Fullerton India to sell Sumito Mitsai stake
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Aziz Khan-display-image
Reputation: 5,127  •  Jul 6, 2021 2:30 AM
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Ajmal shamsudeen-display-image
Reputation: 4,017  •  Jul 6, 2021 7:01 AM
Ajmal shamsudeen in SUMICHEM
440 Buy buy buy #SUMICHEM

442 from 438
🔥🔥🔥💥💥 #SUMICHEM
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