Sumitomo Chemical soars 11%, hits new high on steady revenue growth outlook

With new product launches planned for the year and for the future years, regular revenue growth is expected to continue in the coming years

Shares of Sumitomo Chemical India soared 11 per cent and hit a 52-week high of Rs 437.85 on the BSE in intra-day trade on Tuesday on the back of heavy volumes on steady revenue growth outlook. The agrochemicals company's stock surpassed its previous high of Rs 403.05, touched on June 23, 2021.

In the past three trading days, it has rallied 16 per cent after the company, in its financial year 2020-21 (FY21) annual report, said that with new product launches planned for the year and for the future years, regular revenue growth is expected to continue in the