ICICI Securities Top specialty chemical stocks : In a note issued on specialty chemicals, ICICI Securities said that the prices of R-22 have so far increased to Rs 244 per kg in the fourth quarter of 2022, but its volume has declined by 81 per cent year-on-year. The reason for this could be the closure of the Gujarat Fluorochemicals plant but ICICI Security is not too worried about this as the companies sell their quota allotted for the whole year.
The packaging film segment has witnessed an increase in spreads for both BOPET and BOPP. However, it was earlier estimated that the spread would decline due to new capacity expansion. It has also been said in this note that companies like SRF will benefit due to increase in margins.
ICICI Securities has given BUy ratings to specialty chemical stocks like Sudarshan Chemical, EPL, Chemplast Sanmar, Gujarat Fluorochemicals, Tatva Chintan, and Phillips Carbon Black (PCBL).
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Apart from this, the company has given Hold rating for Rossari Biotech and Galaxy Surfactants while SRF has given Reduce rating for Clean Science. On the other hand, Sell rating is given for Navin Fluorine.
Talking about Sudarshan Chemical, at present around 11.00 pm, this stock is seen at Rs 550 with a gain of Rs 15.10 2.82 per cent on NSE. The 52 week low of this stock is Rs 502.70 and 52 week high is Rs 794.00. Currently its volume is seen around 47,087. The market cap of the company is Rs 3,809 crore.
On the other hand, talking about EPL, at present, this stock is trading at a level of Rs 169.60, down by Rs 5.70 or 3.52 percent on NSE. , The 52 week low of this stock is Rs 149.00 and 52 week high is Rs 291.95. Currently its volume is seen around 635,231. The company’s market cap is Rs 5,338 crore.
Talking about Gujarat Fluorochemicals, this stock is trading at Rs 2650 level with an increase of Rs 6.25 or 0.24 per cent on NSE. The 52 Week Low of this stock is Rs 555.00 and 52 Week High is Rs 3,198.90. Currently its volume is seen around 1,786. The company’s market cap is Rs 29,110 crore.
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