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4 specialty chemical stocks that have rallied up to 92% in 6 months

4 specialty chemical stocks that have rallied up to 92% in 6 months

Motilal Oswal Securities has initiated coverage on the specialty chemicals space with a positive outlook as India’s share in specialty chemicals is expected to double over the next five years. “The India Specialty Chemicals industry is expected to deliver a 12.4% CAGR (compounded annual growth rate) over the next five years (on a higher base), reaching $64 billion by CY25 (calendar year 2025) — driven by the aforementioned macro factors. Growth would be led by a strong demand (CAGR of 10–20%) in the export / end user industries,” said the brokerage in a note to clients. Deepak Nitrite is Motilal Oswal’s top pick. Besides Deepak Nitrite, the brokerage has initiated coverage on Vinati Organics, Galaxy Surfactants, and NOCIL with a buy rating.


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1 July 2021, 07:35