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Is The Specialty Chemicals Rally Justified? Nirmal Bang's Take

Is The Specialty Chemicals Rally Justified? Nirmal Bang's Take

<div class="paragraphs"><p>A stirring machine mixes liquid chemicals. (Photographer: Olivier Matthys/Bloomberg)</p></div>
A stirring machine mixes liquid chemicals. (Photographer: Olivier Matthys/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

Nirmal Bang India Specialty Chemicals-Sector Update-23 September 2021pdf.pdf

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