Views on Sudarshan Chemicals stock price has surged 18% today 23rd April 2024 by Mr. Sandeep Abhange, Research Analyst at LKP Securities
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Below the Views on Sudarshan Chemicals stock price has surged 18% today 23rd April 2024 by Mr. Sandeep Abhange, Research Analyst at LKP Securities
Heubach GmbH, a Germany-based chemical company and the second-largest global pigments player filed for bankruptcy in April 2024. Existing creditors provided a loan of around $70 million to the company to help it restructure its debt, on the back of this news Sudarshan Chemicals stands to gain meaningful market share in the export as well as domestic markets since it is currently the third largest global pigment player with newly commissioned capacities in FY23 with an industry-leading 35% market share in the domestic market.
We continue to believe that challenges like a) consolidation in the pigment industry,(Permanent shutdowns in capacities in Europe) b) high inflation in developed economies, c)weak geopolitical scenario, d)sharp volatility in commodity prices, and e) supply chain disruptions are expected to hit mid-sized and small pigment players resulting in benefit to major players like Sudarshan Chemicals. We maintain our positive stance on the company.
Above views are of the author and not of the website kindly read disclaimer
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