Enquire Now

Technical Report on SCIL by Shyam Advisory

February 7, 2022

Sumitomo Chemical India Ltd. (SCIL) is one of the leading players in the industry which has a
balanced portfolio of technical as well as formulation products along with backward integration
for some products. The Company is known for domestic marketing of proprietary products of its
Japanese parent -Sumitomo Chemical Company Limited in agrochemicals, animal nutrition, and
environmental health business segments. With the integration of Excel Crop Care Limited, the
Company now has a strong portfolio of generics in addition to specialty products and a strong
combined marketing network. With this integration, the Company has moved up several notches
in the pecking order of the Indian crop protection industry. SCIL has also marked its presence in
Africa and several other geographies of the world.
Key Point:- Products
The Company has a presence in all product segments – insecticides, weedicides, fungicides,
fumigants and rodenticides, plant growth nutrition products, bio-rationals, and plant growth
regulators. It is also into animal nutrition and environmental health businesses; these are
comparatively small businesses.
The products comprise conventional chemistry sourced from the parent company, SCC, and
biological products sourced from USA-based subsidiary, Valent Biosciences LLC, a leader in
producing a range of naturally occurring, environmentally compatible pesticides and plant growth
regulators, for over 40 years.
Key products: Glyphosate (Herbicide), Profenophos (Insecticide), Tebuconazole (Fungicides),
Progibb (Plant Growth Regulator), Chlorpyriphos (Insecticide) .

SCI 1 - Shyam Advisory
Technical View: Sumitomo Chemical India Ltd, In long run it is on uptrend and recently had an
ascending triangle breakout with strong Bullish candle on daily chart. Last session we have seen
good recovery from bottom, We may see some consolidation or profit booking in upcoming
session. Overall structure and trend indicate positive trend, RSI and MACD crossover supporting

Volume analysis: – 1 Day Delivery volume increased by 92.68% over 5 day average, However; 1
Month: Delivery volume Increase by 860.79%, Hence; We recommend BUY signal for this share
at the range of 400- 418 for Target 450 , Target 500, Use Strict stop loss 380.
Moving Averages: – Sumitomo Chemical India Ltd is trading higher than 5 day, 20 day, 50 day,
100 day and 200 day moving averages.
5 Day 386.47 50 Day 377.31 200 Day 381.34
20 Day 386.53 100 Day 387.21
Shareholding pattern:-

SCI 2 - Shyam Advisory
Promoters holding 75 %, No change in Promoter holdings, No change in Promoter pledged
Key Ratio:-

SCI 3 - Shyam Advisory