Rally in speciality chemicals will gather faster momentum; stocks up nearly 10%-120% in last one year
Updated : June 26, 2019 05:16 PM IST
Speciality chemicals is that one space which was hardly affected by the global cues or liquidity crisis in last one year. The sector is thriving well and has given some tremendous returns during this year. The key triggers behind the sector rally were earnings growth and healthy domestic demand.
In fact, global trade tension between US and China is beneficial for the Indian chemical manufacturers as it brings down the input cost prices imported from China.
Speciality chemical stocks like Vinati Organics, SRF, PI Industries, Aarti Industries and couple of others have seen a tremendous growth in last one year. Vinati Organics surged by 117 percent and SRF rose by 78 percent in last one year.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more