SUMICHEM
from 539 today
Sumitomo Chemical reported resilient Q1FY27 results beating estimates, driven by a favourable product mix, controlled opex, and an insurance claim. We roll forward to FY29E and value the stock at 40x Q1FY29E EPS, revising our TP to INR607 and maintaining our BUY rating.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
