After a recent 10 per cent fall, the stock of India's largest specialty chemicals maker by market capitalisation, SRF, recovered on Friday, gaining 5 per cent and then going up by over a per cent, after the twin market sessions of Monday and Tuesday to end at ₹2,198.75 apiece. The stock has been under pressure on concerns related to demand, its ability to sustain margins and increased competitive pressures due to policy decisions.
Surya Patra of PhillipCapital India Research highlights three uncertain macro developments which will make the near-term outlook of the global chemical industry (and by extension, SRF) volatile. These include the possibility of a recession which will hit demand, global chemicals giant BASF shutting down its largest fully integrated plant in Germany on account of gas unavailability and US government's intention to lift tariffs on some China supplies which were imposed during the Trump administration.
Diese Geschichte stammt aus der July 13, 2022-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der July 13, 2022-Ausgabe von Business Standard.
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