SPECIALTY CHEMICALS
Goldman Sachs buys 6.28 lakh shares of Archean Chemical worth Rs 41 crore via block deal
The stock has returned 21% over the last year, underperforming the Nifty's 28%. However, it's currently trading above both its 50-day and 200-day moving averages, suggesting positive momentum.
Stock Radar: Contra buy? Bullish Gartley pattern in Anupam Rasayan points to potential reversal after 30% fall from highs
Anupam Rasayan's Bullish Gartley pattern suggests a potential bounce back, with a target of Rs 1,040 and a stop-loss strategy below 670 on a weekly closing basis. Traders can consider building positions up to Rs 755 for potential gains.
Aditya Birla Group’s chemical ops to foray in US with USD 50 million investment
The Aditya Birla Group is already present in the US through Hindalco Industries-owned Novelis Inc and Aleris Inc, and Georgia-based Birla Carbon. It currently has an investment of more than $15 billion in businesses in the US, and is the largest Indian investor in the US as of now.
Is it a good time to play the urban consumption theme? Samit Vartak answers
When a lot of chemical companies went through huge capacity expansion and then it is impacting the margins significantly and so maybe it is not the right time yet but there will be time but similar if you see the capacity expansion happening across many of these companies, just look at the number of QIPs which are coming and they will go through similar fate what chemical companies went through before, so one needs to be careful on that.
Specialty chemicals platform Distil raises $3.1 million funding led by Jungle Ventures
Distil, a specialty chemicals platform, has raised $3.1 million in a funding by Jungle Ventures and India Quotient. This is the first seed investment made by Jungle Ventures after launching First Cheque@Jungle. The startup will use the capital to expand its sales team, R&D and other such areas.
Stock Radar: Traders could consider Deepak Nitrite after a swift 20% rally from June low; could hit fresh 52-week high
Deepak Nitrite Ltd, a specialty chemical stock, witnessed a swift 20% rally from the June low, making it a tactical buy at current levels. Short-term traders with high-risk profiles could look at buying the stock on dips for a target of 2,800-3,000 levels in the next few months, as suggested by experts.
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Not so well known stakeholders of EV ecosystem: 8 stocks that don't come instinctively, 3 with an upside potential of more than 18%
We also have a whole list, but we have separated the eight companies, just because these companies are not the names which one would instinctively think about and probably they may have more to go as they form this index.
Will finally all the hard work yield results in Modi 3.0? 7 fertilizer stocks with 4 having ‘buy’ reco and upside upside potential of up to 22%
Few months back when it was announced that the fertilizer subsidy bill was seen as lower than expected, the street reacted negatively. The assumption is that if the fertilizer subsidy is going to come down then it is bad for the sector. Now there is another way to look at it, a government which has been ensuring that agriculture gets the right amount of attention and doing the various policy pushes, then why is the overall projected subsidy bill down? Probably, it may be because the government is expecting that policy actions which it has taken over the years will yield results and some of the other non-financial efforts which it will take in the sector will help reduce the bill without having an adverse effect on any stakeholders. Now unlike other sectors like railways where putting more money or making few policy changes has helped the sector, fertilizer is a more complex sector and is bound to take more time for getting the house in order. But then who says that transition for good is painless.
India's chemicals market to hit $29.7 bn in 2024, set for steady growth with 3.26% CAGR through 2029
India's chemicals market, valued at USD 220 billion in 2023, is projected to grow to USD 383 billion by 2030, with an 8.1% CAGR. This sector, currently the sixth largest globally by sales, has attracted USD 21.7 billion in FDI from April 2000 to September 2023, benefiting from 100% FDI under the automatic route. Investments in Petroleum, Chemical, and Petrochemical Investment Regions (PCPIRs) are expected to reach USD 420 billion. The establishment of educational institutes like CIPET and IPFT will drive skill development.
Identify themes ahead of the curve; current year could belong to telecom: Niket Shah, Motilal Oswal MF
Niket Shah of Motilal Oswal MF discusses investment themes like AI in Indian IT, re-rating opportunities in EV and medical devices, and triggers in the telecom sector such as 5G adoption and pricing strategies.
Which companies can benefit from US-China spat? Rohan Gupta answers
Rohan Gupta from Nuvama Institutional Equities discusses the recovery in the agrochemical sector, specialty chemical players' performance, and the impact of the China factor on the market. Gupta says that the companies which are completely dependent on agrochemicals globally, may still see some weakness, like UPL or even Anupam Rasayan.
Markets moving away from consumption themes to investment themes: Manish Sonthalia
But otherwise, automobiles, banks, pharmaceuticals, capital goods they have all delivered on numbers. Metals and oil and gas was again supposed to be muted. So, I think all in all, the expectation of the result season from where we began the earnings season was a 5% to 6% earnings growth for this quarter.
3 stocks Hemang Jani is bullish on from capital goods sector
LIC Housing, in terms of the asset quality, they have done reasonably well. Top line growth was slightly lower than market expectations and we believe that NBFCs as a space can do very well given that we are going to have a slightly stable kind of interest rate environment.
Dipan Mehta gives a hard pass to specialty chemicals; will bet on agrochem stocks
Dipan Mehta discusses the cautious outlook on chemicals, interest in agrochemical plays, auto sector trends, high PE ratios in capital goods, potential investments post-election, mixed earnings season results, and concerns about overvalued EMS companies. Mehta also says: "If the government comes back with a stable majority, then the best stocks to buy would be the defence stocks, PSUs. It could be PSU banks or the PSU engineering companies."
Veritaas Advertising IPO booked over 7x on Day 1; Indian Emulsifiers' issue near full subscription
The overall subscription of Veritaas Advertising stood at 7.69 times, driven by strong interest from retail investors.
Indian Emulsifier IPO: Check issue size, price band, GMP and other details
Indian Emulsifier IPO GMP: Indian Emulsifier's SME IPO, aiming to raise Rs 42.39 crore, offers shares at Rs 125-132 each. The company's revenue for Dec 2023 was Rs 48.7 crore with a net profit of Rs 6.75 crore.
SRF expects demand-supply imbalance, margin pressures in BOPET to continue
SRFLimited, an Indian chemicals business, anticipates ongoing demand-supply imbalances and margin pressures in the BOPET sector in the short to medium term, according to a stock exchange filing. However, the agrochemicals segment shows signs of improvement following inventory rationalization in FY24, with robust customer inquiries and progress in active ingredients (AIs) development.
Stock Radar: Contra buy? Navin Fluorine reclaims 100-DMA after 30% fall from high
Navin Fluorine hit a high of Rs 4,922 on May 15, 2023, but failed to hold the momentum. It witnessed a price-wise correction, which took the stock towards 3,000 levels. It witnessed a swift rebound after making a low on March 14, 2024, which helped it climb above 100-DMA as well as 50-DMA on the daily charts. This suggests that bulls are trying to take control.
Stock Radar: Deepak Nitrite could potentially hit fresh 52-week highs in short term; should you buy now?
Deepak Nitrite shows stability above 2,000 levels, recommended for short-term buying with a target above 2700 levels. Neel .H. Parekh from GEPL Capital provides insights on swing highs, Fibonacci ratio, and potential gains.
Time for greed over but still betting on 6 metal & specialty chemical stocks: Sanjiv Bhasin
Sanjiv Bhasin says I "there is a lot of froth on the markets including the domestic market." He discusses market trends, advising caution and specific investments. He further highlights the impact of China on metals, Zomato's market performance, as well as InterGlobe's dominance despite competitor challenges, recommending strategic investment approaches.
Bullish on auto; no pharma, chemical stocks in portfolio buy may get in later: Deepak Shenoy
Deepak Shenoy discusses excitement for auto stocks and auto ancillaries, potential investments in M&M and cautious optimism on two-wheeler sales. he also suggests monitoring of FDA actions in the pharma sector. Shenoy says a quantitatively driven, price driven strategy will make them consider pharma again,He also anticipates growth in the healthcare sector and potential opportunities in the chemical space.
Stock Radar: SRF breaks above downward sloping trendline on weekly charts; time to buy?
SRF Ltd broke above downward sloping trendline resistance, hitting a record high in September 2022. In terms of price action, the stock found support above 2000 levels before rising over 4% in a week. The stock is now trading above most of the crucial short- and long-term moving averages such as 5,10,30,50,100 and 200-DMA on the daily charts. Short-term traders are advised to buy for a 2900 target.
Chemical sector bottomed out in Q3; expect gradual recovery Q4 onward: Rohan Gupta
Chemical companies like Aarti, Jubilant, and Gujarat Fluoro are expected to recover with stronger earnings growth due to their capex investments. The sector has bottomed out, and emerging sectors like EV batteries and consumable industries show growth potential. Companies focusing on agrochemicals may still see one or two quarters of weakness because global agrochemical de-stocking is still continuing.
B2B, manufacturing tech drove IPO market in past five years: report
According to the latest ‘Digitizing Make in India’ report by Boston Consulting Group and venture capital firm Matrix Partners, within the B2B space, there had been 11 initial public offerings in the past five years in the specialty chemical industry, featuring companies such as Chemplast and Senmar.
International Chemical Investors Group buys Vasant Chemicals
With state-of-the-art manufacturing facilities in Hyderabad (Jeedimetla) and Visakhapatnam (Atchutapuram), the Hyderabad-based Vasant Chemicals specializes in the production of specialty chemicals and pharmaceutical intermediates and exports its products under long-term contractual agreements.
Wait for a dip to buy Tata Chemicals; see value in PSU banks: Vishal Malkan
Vishal Malkan recommends investing in PSU banks like Canara Bank, Bank of Baroda, and PNB. He also mentions AB Capital as a good stock. Bank Nifty has resistance at 48,000. Auto companies like Ashok Leyland, TVS, Bajaj, and Hero should be watched for breakouts and would would wait for Tata Chemicals price to come down to Rs 1040-1045 before buying it.
Fundamental Radar: These 5 factors make Pidilite Industries a preferred pick in paints space
The specialty chemicals maker reported a well-rounded 10.4% underlying volume growth and a strong operating margin for the last quarter. Standalone revenue grew 4.6% on year to Rs 28.3 billion, led by the strong underlying volume growth.
Why Saurabh Mukherjea is not gung-ho about specialty chemicals and cables & wires stocks now
“ Lower quality names in our country have done well over the last couple of years. Our companies have taken a back seat, which is why we are finding it relatively easy to find high-quality companies. We are trying to figure out if this is a good time to ramp up our position in specialty chemicals, as Chinese dumping seems to have abated.”
ETMarkets Smart Talk: Indian market expensive but money from MF SIPs making all the difference: Rakesh Parekh
The Indian market is supported by domestic savings channeled through mutual fund systematic investment plans (SIPs) and improving corporate profitability, despite expensive macro parameters. Domestic-facing sectors, especially capital goods and railways, are expected to outperform in terms of earnings growth. Rising US yields and geopolitical uncertainties are headwinds facing equity markets in the short term. The recent market correction is seen as healthy, and India is considered a long-term buy-on-dip market.
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