News for Sumitomo Chemical India Limited (SUMICHEM.NS)

Oct 29, 2024 / 10:00AM GMTOperator Ladies and gentlemen, good day and welcome to Sumitomo Chemical India Limited Q2 and H1, FY25 earnings conference call. This

May 28, 2024 / 10:00AM GMTOperator Ladies and gentlemen, good day, and welcome to Sumitomo Chemical India Limited Q4 and FY24 earnings conference call. This con

Q1 results today: At least 30 companies including ICICI Bank, Dr Reddy’s Lab, MCX, Finolex Industries, Punjab National Bank, IDFC First Bank, Jaiprakash Ventures, SBFC Finance, and Transport Corporation of India will declare their FY25 earnings on July 27.

According to Rupak De, Senior Technical Analyst at LKP Securities, the Nifty formed a small-bodied candle after a bearish engulfing pattern, hinting at a temporary pause in the market. The Relative Strength Index indicates a potential shift towards bearish sentiment. The 24,550 level is a crucial resistance, with a breakthrough potentially sparking a significant rally.

Domestic headline indices Nifty 50 and Sensex finished at record closing highs yet again boosted by strong domestic inflows as well as a climb in global equities. For the last few days, Nifty has been moving sideways on an intraday basis, but eventually it has moved up above 23,500. MACD showed bullish trade on the counters of ABB India, Hindustan Aeronautics, Cochin Shipyards, BEML, Godfrey Phillips India, and Cummins India.

Shares of Sumitomo Chemical India Ltd. rose to their highest level in over three months on Tuesday after its profit beat analysts' estimates in the fourth quarter ended March 2024. The company's consolidated net profit grew 52.4% on year to Rs 110 crore in the January–March quarter, according to an exchange filing. Analysts polled by Bloomberg estimated a net profit of Rs 80 crore.

Nov 02, 2021 / 05:30AM GMTOperator Ladies and gentlemen, good day and welcome to the Sumitomo Chemical India Limited Q2 and H1 FY22 earnings conference call. Th

Nifty is currently placed at the edge of breaking above the immediate hurdle of 21,850 levels and a decisive move above this resistance is likely to pull Nifty towards 22,000-22,100 levels in the short term. Immediate support is at 21720 levels, said Nagaraj Shetti of HDFC Securities.

Nifty futures on the NSE International Exchange traded 36 points, or 0.17 per cent, higher at 21,830.50, hinting at a positive start for the domestic market on Thursday.

Prabhudas Lilladher is bullish on Sumitomo Chemical India has recommended buy rating on the stock with a target price of Rs 450 in its research report dated October 31, 2023.

Q2 results 2023 news: Apart from the Dussehra stock market holiday, widely tracked companies such as Reliance Industries and Maruti Suzuki will declare their earnings this week.

Buzzing stocks: Paytm, Wockhardt, Bharat Electronics, Kalpataru Power, Tube Investment, POwerGrid Corp, Vodafone Idea, Kfin Technologies, Tega Industries, Advani Hotels, Shyam Metalics, SpiceJet

The 30-share BSE Sensex fell 311 points, or 0.51 per cent, to settle at 60,692; while the broader NSE Nifty index moved 100 points, or 0.56 per cent, down to close at 17,845. Most Asian shares, however, traded on a positive note.

Stock Market News: Trends in the SGX Nifty indicate a positive opening for the broader index in India with a gain of 48 points on Friday morning

Based on the open interest future percentage, there were 151 stocks, in which short-covering was seen including Nifty Financial, Alkem Laboratories, Aarti Industries, Power Finance Corporation, and Power Grid Corporation of India.

BSE Sensex and NSE Nifty 50 were ruling nearly half a per cent down on Tuesday, dragged by losses in HDFC Bank, Infosys, ICICI Bank

Indian benchmark indices were trading flat on Wednesday as IT, and auto stocks saw selling pressures. Both BSE Sensex and the NSE Nifty50 were fluctuating between gains and losses in volatile trading. The broader markets, meanwhile, outperformed the two indices.

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.

Thursday's decisive weakness after a range movement could indicate a sharp reversal of near term uptrend of the market and one may expect further weakness in the coming sessions, says Nagaraj Shetti of HDFC Securities.