Page 2 - Specialty Chemicals
Expensive valuations may cap near-term upside in chemical stocks: Analysts
However, they remain positive on the sector's long-term growth story on the back of ramp-up in China's environmental inspections and specialty chemical players having a healthy margin of safety
 "Expensive valuations may cap near-term upside in chemical stocks: Analysts")
Alkyl Amines rallies 11% in two days on fixing record date for stock split
The company fixed May 12 as the record date for the subdivision of face value of equity shares from Rs 5 to Rs 2
 "Alkyl Amines rallies 11% in two days on fixing record date for stock split")
Laxmi Organic surges 13% as FPIs buy stake via open market
On Thursday, March 26, Goldman Sachs India Fund Limited (1.67 million) and Plutus Wealth Management LLP (1.5 million) purchased a combined 3.17 million equity shares of Laxmi Organic Industries.
 "Laxmi Organic surges 13% as FPIs buy stake via open market")
Deepak Nitrite gains 8% in three days on Crisil's credit rating upgrades
Going forward, growth over the medium term will be driven by trecovery in demand from Basic Chemical (BC) and Performance Product (PP) segments and continued steady outlook for FSC and Phenol segments
 "Deepak Nitrite gains 8% in three days on Crisil's credit rating upgrades")
Chemicals maker Anupam Rasayan initial public offering subscribed 44 times
Tuesday was the last day of bidding
 "Chemicals maker Anupam Rasayan initial public offering subscribed 44 times")
Balaji Amines zooms 20%, hits fresh high on strong Q3 numbers
Total income increased 63.7 per cent YoY to Rs 366.85 crore as sales volume jumped 34 per cent YoY
 "Balaji Amines zooms 20%, hits fresh high on strong Q3 numbers")
Specialty chemicals firm Anupam Rasayan files for IPO to raise Rs 760 crore
The proceeds will be used for repayment of debt, the firm said in the draft red herring prospectus (DRHP
Laxmi Organic Industries files Rs 800-cr IPO papers with Sebi
The Mumbai-based Laxmi Organic is a leading manufacturer of acetyl intermediates and specialty Intermediates
Healthy export demand mitigates Covid impact on specialty chemicals: Report
Even as domestic demand remains subdued, improved export demand and positive outlook for segments like agro-chemicals and surfactants have reduced Covid impact on specialty chemicals, says a report
 "Healthy export demand mitigates Covid impact on specialty chemicals: Report")
Specialty chemical sector has huge growth potential: Sadananda Gowda
Chemicals & Fertilizers Minister D V Sadananda Gowda on Tuesday said it is a good time to invest in India's chemical sector that has huge growth potential. Gowda was addressing a webinar on Specialty Chemical organised by Department of Chemicals & Petrochemicals and FICCI, an official statement said. The minister said it is a good time to invest in India when the government is focussing on self-sufficiency in domestic production. Gowda said specialty chemicals is one of the areas where huge potential for growth lies. The past couple of decades have seen a significant shift in the manufacturing of chemicals, particularly the specialty chemicals from EU and North America, to Asia. The Indian Chemical and Petrochemical industry has huge potential to play a significant role by 2025 and the sector can alone contribute USD 300 billion to the GDP as compared to USD 160 billion at present, the statement said. Gowda said India is looking forward to incentivising manufacturers, through .
 "Specialty chemical sector has huge growth potential: Sadananda Gowda")
Chemcon IPO: How momentum in the pharma sector is positive for the company
Chemcon Speciality is the only manufacturer of HMDS in India & 3rd largest worldwide. Besides, it is the largest player of CMIC in India. Both these chemicals are predominantly used in pharma sector
 "Chemcon IPO: How momentum in the pharma sector is positive for the company")
Exports offer hope for specialty chemicals units: CRISIL SME Tracker
Small and medium enterprises (SMEs), which make up as much as 30-35 per cent of the industry, have been hit particularly hard
Balaji Amnies, Alkyl Amines: Specialty chemical stocks have more steam left
Major specialty chemical stocks exhibit strong strength on good volumes. Here are the key levels for frontline stocks from this sector.
 "Balaji Amnies, Alkyl Amines: Specialty chemical stocks have more steam left")
Rossari Biotech makes strong debut; share price jumps 64% over issue price
The stock rallied 64% to Rs 698 against issue price of Rs 425 on the BSE.
 "Rossari Biotech makes strong debut; share price jumps 64% over issue price")
Rossari Biotech to launch Rs 500 cr initial public offering on Monday
Rossari has reduced the fresh issue component from Rs 150 crore to Rs 50 crore
Valuation hurdle weighs on stocks of specialty chemical companies
Top companies in the space have risen sharply over the last year
 "Valuation hurdle weighs on stocks of specialty chemical companies")
