Zee Business Managing Editor and renowned market guru Anil Singhvi, in the latest episode of ‘Sadabahaar Sethi Saab’ show, spoke to market analyst Vikas Sethi to know his top pick in Cash Segment that can generate good returns for investors. He recommended Buy call in Sumitomo Chemical which is from Chemical Space.

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Cash Market Pick: Sumitomo Chemicals target price is Rs 305  

Vikas Sethi said that the company is from chemicals and agri chemicals space. Sumitomo Chemical Group operates businesses in five sectors - Petrochemicals & Plastics, Energy & Functional Materials, IT-related Chemicals, Health & Crop Sciences, and Pharmaceuticals. Japanese company is the parent of the company. Excel Crop Care has been merged into this company. Sumitomo Chemicals is a leading company in Agri Inputs and Agri Chemicals space. In India, Sumitomo Chemicals has 11% share in Agri Inputs.  

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Sumitomo Chemicals has strong fundamentals. The Return on Capital Employed is 24% and it is a Zero Debt company. Sethi said that it is expected that company will post strong growth in coming quarters and years going forward.

Sethi said that target price on the stock is Rs 305 and the stop loss is Rs 280.