The Speciality Chemical Industry is presently benefitting from a set of favourable developments that would result in strong growth opportunities in both the exports and the domestic markets. Strong demand from shift in supply chain from China and favourable government policies are the key factors driving the robust growth potential.
The fertilizer and agrochemical firms on the other hand, are expected to benefit from (i) normal South-West monsoons this year, which bodes well for the consumption of fertilizers and agrochemicals in the Kharif season, (ii) improvement in irrigation infrastructure and government support to farmers.
We have listed below 10 High Conviction ideas from the Agrochemical and Specialty Chemical space which we expect to do well in the short to medium term as well. One can buy this basket of 10 stocks with a potential upside of 10-15% over the next 2-3 months. One can keep a stoploss of 8% on the overall basket
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