HDFC Securities: CXO Chemical Conference 2020 - Key Takeaways

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..HDFC Securities Report.We hosted a CXO-Chemical Conference-2020 and invited senior management of seven listed chemical and agrochemical companies and an industry expert.The nationwide lockdown impacted operations of the majority of chemical companies in Q1 FY21, but the pick-up was rapid in Q2.Plants are currently operating at the utilisation of 70-90% of the pre-Covid-19 level.Plant utilisations of companies that cater to end-user industries engaged in essential services such as pharmaceuticals and agrochemicals are higher.Companies are continuing with their capex plans despite the implications of the Covid-19 pandemic, owing to a positive demand outlook.Most of the companies believe that the Indian chemical industry is in a sweet spot given -the opportunity arising out of 'China Plus One' policy of Multinational corporations and the government,rising domestic demand, andexport opportunity..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

HDFC Securities: CXO Chemical Conference 2020 - Key Takeaways

HDFC Securities: CXO Chemical Conference 2020 - Key Takeaways

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