Everything does not have to be pomp and show. Just because something is not in the limelight does not mean it is not worth respect. How else would this world find gems such as Irrfan Khan or Pankaj Tripathi? They were underrated despite being in the industry for long, but today, both have a cult following of hardcore film-watchers. Transpek Industry is one such stock.
Established in 1965 by Shroff Group, Transpek has been exploring all kinds of compounds — from sulphur to chlorine — and has earned a name for itself as a quality supplier and manufacturer of chemicals. With more than five decades of experience, the company has evolved as a firsttime manufacturer of several products in India and also built the market for these. They developed the process for chlorinated chemicals including thionyl chloride and various acid and alkyl chlorides that are used across industries such as agrochemicals, polymers, pharma, dyestuff, flavour and fragrance, and surfactants.
If that exhaustive list of potential client sectors wasn’t enough to convince one, let’s turn to the overall outlook for Indian chemical companies. Demand continues to rise domestically and internationally, as companies are looking for sources outside of China due to high pollution levels and increasing cost. Not to mention the Novel Coronavirus outbreak that has jolted global markets into the realisation that heavy dependence on China will cost everyone dearly. According to the latest data compiled by India’s drug regulatory authority, 57 active pharmaceutical ingredients of crucial antibiotics, vitamins, and hormones or steroids could go out of stock in case of a prolonged lockdown in China.
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April 10, 2020