Two from every three chemical companies have provided over 20 percent returns

Press Release : August 04, 2020
Two from every three chemical companies have provided over 20 percent returns

ET Intelligence Group: The ET Intelligence Group’s listing of top wealth creators in the last 12 several weeks implies that the lesser tracked, relatively small chemical information mill at the forefront among BSE 500 companies. From the top seven wealth creators out there, five come from chemicals and allied sectors. Included in this are GMM Pfaudler, which supplies process equipment to chemicals and pharma companies, Alkyl Amines Chemicals, Navin Fluorine, JB Chemicals and Deepak Nitrite.

All these chemical companies have acquired between 90 percent and 210 percent previously twelve months and between 42 percent and 90 percent around-to-date around the bourses. All of them has reported an over 20 percent increase in sales along with a 22-120 percent begin internet profit within the first nine several weeks of FY20.

Two from every three chemical companies within the BSE 500 list have provided over 20 percent returns previously twelve months. Although in a nascent stage, the harmful chemicals sector keeps growing in a rapid pace. A study by McKinsey suggests an chance worth $11 billion within the domestic market along with a bigger export potential. India’s chemical sector is continuing to grow by 19 percent yearly since 2015 after China began reducing capacities. But, India still exports under 15 percent of China’s chemical exports. ..

Some of the best gainers include Adani Energy at 444 percent and Abbott India at 143 percent.

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