The 3 reports from 2 analysts offering long term price targets for Sumitomo Chemical India Ltd. have an average target of 315.00. The consensus estimate represents an upside of 17.89% from the last price of 267.20.
|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2020-08-05||Sumitomo Chemical In..||Rudra Shares and Stock Brokers Ltd||286.45||286.45 (-6.72%)||Buy|
Rudra Shares and Stock Brokers Ltd
Many sectors in domestic market were impacted by pandemic and lockdown along with some disruptions on demand/supply side. Although agricultural sector remained immune during this turbulent phase, predominantly from the highest ever fertiliser sales ahead of Kharif season. This should somewhere bolster the growth outlook for agrochemicals as well. Thus, in this scenario it's prudent to invest in cherry picking stocks like Sumitomo Chemical (SUMITOMO CHEMICAL COMPANY JAPAN holds 78.30% stake currently). SUMICHEM's diversified portfolio, strong parentage, rich product pipeline from...
|2020-06-08||Sumitomo Chemical In..||ICICI Securities Limited||267.40||315.00||267.40 (-0.07%)||Target met||Buy|
ICICI Securities Limited
Given that majority of sectors in the domestic market were impacted due to lockdown along with demand/supply side challenges, only agricultural sector remained immune during this turbulent phase. This is evident from the fact of highest ever fertiliser sales ahead of Kharif season. This should also bolster the growth outlook for agrochemicals. Further, locust impact during Q1 should also improve the growth outlook for some agrochem companies like Sumitomo given it has a strong presence in few molecules for insecticide segment. H1 has around 65% share in overall revenue of the...
|2020-04-28||Sumitomo Chemical In..||ICICI Securities Limited||243.00||280.00||243.00 (9.96%)||Target met||Buy|
ICICI Securities Limited
Incorporated in year 2000, Sumitomo Chemical India (SCI) is into agrochemical, animal nutrition and environmental health solutions. The company has been selling proprietary products of its parent in the domestic market. With the recent merger of Excel Crop Care (ECC), we expect the business portfolio of the merged entity to expand across different crops given the former is present in staple crops as against SCI that is in fruits & vegetables. Further, better distribution reach across key geographies in domestic as well as export markets would provide revenue synergies to the...