Sumitomo Chemical India climbs after Q1 profit surge

About this update from Sumitomo Chemical India Ltd.

** Shares of Sumitomo Chemical India NSE:SUMICHEM 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)

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