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Sumitomo Chemical India shares jump 14% on JV announcement

after close1 source ↓written by the desknot a recommendation

to a day
14%
of ₹502.45
3 July 2023
exchanged
1.6 crore shares
the usual daily
24 times

Shares of Sumitomo Chemical India surged 14% to a day high of ₹502.45 on 3 July 2023, following news of a joint venture with Samsung Electro Mechanics. Trading volumes soared, with 1.6 crore shares exchanged, over 24 times the usual daily volume. This venture aims to produce advanced glass core substrates for semiconductor chips, enhancing stability and performance in electronics.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 3 Jul 2026, 16:04 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

SUMICHEM closed −3.6% on the day of the news, from ₹502.30 to ₹484.05; Nifty +0.7% over the same session.

Bulletin at 16:04 IST on 3 Jul 2026. Every change is measured from ₹502.30, the last close before it, on 3 Jul. Nifty 50 is measured over the same sessions.

  • SUMICHEM close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
SUMICHEM closes around the bulletin against the close before the news, with Nifty 50 rebased to it419.90496.76573.63axis spans 37%before the news · 3 Jul502.30Nifty 50SUMICHEMbulletinD0+1+3+529 Jun9 Jul20 JulReference close ₹502.30. 16 sessions from 29 Jun to 20 Jul; the price axis spans 37 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before3 Jul₹502.30basebase
On the day6 Jul₹484.05▼ −3.6%▲ +0.7%−4.3 pp difference
+1 session7 Jul₹473.35▼ −5.8%▲ +0.5%−6.3 pp difference
+3 sessions9 Jul₹481.15▼ −4.2%▼ −1.3%−2.9 pp difference
+5 sessions13 Jul₹531.90▲ +5.9%▼ −0.3%+6.1 pp difference
Gap at the open, % · ₹
▼ −0.7%−3.32 on 6 Jul
Day's range, % · ₹
5.2%≈ 26 high to low
Volume on the day
1.68×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

Source NSE UDiFF bhavcopy · SUMICHEM on the desk →

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