Is The Specialty Chemicals Rally Justified? Nirmal Bang's Take
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Nirmal Bang Report
India specialty chemicals basket has significantly outperformed all the leading indices over the last one year.
The entire sector got massively re-rated, banking on the market opportunity across select chemistries, import substitution and ‘plus one’ theme.
Apart from the future growth potential, which might be driving the stock price performance to a great extent, earnings delivery of Indian specialty chemicals companies has been far superior compared to any other sector indices.
These companies have more than doubled their capex in the block of every five years and the next three to four years’ guidance also remains very promising.
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