Mid Cap Agro Chemicals Sector Stock Sets Record Date For Dividend, Scrip Dips 3% In 1-Year

Mid cap Agro Chemicals Sector stock, Sumitomo Chemical India Ltd on July 5, 2023 fixed July 21, 2023 as the record date for dividend of Rs 1.20 per equity shares of Rs 10/- each for the financial year 2022-23. Sumitomo Chemical shares declined 8% YTD and fell 3% in last 1-year. Last trading price of Sumitomo Chemical India stock is Rs 448.90 per share with intraday gain of 0.82% on BSE. Check details below:

Sumitomo Chemical India Fixes Record Date For Dividend: As per the regulatory filing of Sumitomo Chemical India dated July 5, 2023, "Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company has fixed the Record Date as July 21, 2023."

Earlier, the company in its BSE filing dated May 18, 2023 said, "We wish to inform you that at the Meeting of the Board of Directors of the Company held today i.e. on Thursday, 18th May, 2023, the Board of Directors has declared dividend for the F.Y. 2022-23 of ₹1.20 per equity share on 49,91,45,736 equity shares of ₹10/- each which is subject to the approval of the members in the Annual General Meeting and will be paid on or after 2nd August, 2023."

Sumitomo Chemical India Stock Outlook & Return: Last trading price of Sumitomo Chemical India share is Rs 448.90 per share on BSE. Its 52-week high price is Rs 540.65 per share and 52-week low price is Rs 382.50 per share, respectively. Sumitomo Chemical India has a market capitalisation of Rs 22406.65 crore. Sumitomo Chemical India stock witnessed a decline of 8% in last 6-months, gave return of 8% in last 1-month, gave 14% return in last 2-years, and offered a return of 62% in last 3-years.

Sumitomo Chemical India Financial Outlook: The company for the quarter ended March 31, 2023 announced its consolidated total income at Rs 668.05 crore, down 12.88% from previous quarter total income of Rs 766.83 crore. It declared its latest quarterly net profit after tax at Rs 72.12 crore.

Sumitomo Chemical India About: Sumitomo Chemical India Ltdmanufactures, imports and markets products for crop protection, grain fumigation, rodent control, bio pesticides, environmental health, professional pest control and feed additives for use in India, according to its official website.

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