Opportunities in Chemical sector
Q2 2021 results are out and since the market has shown enormous growth in terms of share price, it has resulted in high expectation from certain favourite sectors. Chemical sector is one among them. Several multibagger stocks have shown 20-30% correction even though they have shown +ve YoY Q2 results. Some had margins shrunk because of higher crude price. Alkyl Amines (NSE:ALKYLAMINE) is down 30% from all time high. Deepak Nitrite (NSE:DEEPAKNTR) is down 25% from all time high. PI Industries (NSE:PIIND) is down 25% from all time high. PIIND is down was exacerbated by their recent cancelling of purchasing pharma API business from ISSL. SRF Limited (NSE:SRF) is down 18% from all time high at bonus issue.