Sumitomo Chemical India is currently trading at Rs. 412.70, up by 5.00 points or 1.23% from its previous closing of Rs. 407.70 on the BSE.
The scrip opened at Rs. 410.05 and has touched a high and low of Rs. 413.45 and Rs. 406.65 respectively. So far 23475 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 498.70 on 02-Jan-2023 and a 52 week low of Rs. 371.00 on 03-Nov-2023.
Last one week high and low of the scrip stood at Rs. 420.00 and Rs. 400.05 respectively. The current market cap of the company is Rs. 20497.42 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 8.64% and 16.35% respectively.
Sumitomo Chemical (SCIL) has completed the acquisition of 85% equity shares and controlling stake in Barrix Agro Sciences. The acquired company is in manufacturing and selling of pest monitoring, trapping and crop nutrition solutions and research and development of pheromone based products.
The acquisition will substantially enlarge SCIL’s product range including green chemistries in a larger measure. The acquisition is in alignment of SCIL’s strategy to build a more sustainable portfolio of green chemistries and offer Integrated Pest Management (IPM) and Integrated Plant Nutrition Management (IPNM) products and solutions to farmers. Through its established marketing and sales network of traditional channel and digital channels and available investment resources, SCIL will be able to provide guidance to the target company’s business to grow at a faster pace.
Sumitomo Chemical India was established in 1913 to manufacture fertilizers from sulfur dioxide emitted from smelting operations at the Besshi copper mine in Niihama, Ehime Prefecture, with the aim of solving environmental problems caused by emissions.
| Company Name | CMP |
|---|---|
| UPL | 636.20 |
| BASF India | 4431.60 |
| PI Industries | 3424.30 |
| Bayer CropScience | 4927.35 |
| Sumitomo Chemical | 539.05 |
| View more.. | |
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