Market condition

These chemicals stocks are skyrocketing in a weak market; do you own any of them?

India’s booming chemical industry ensured that several listed companies in the space create wealth for its shareholders. Chemical sector has churned several multi-baggers in the past year and in 2021 as well.

BSE Sensex is down more than 250 points on Monday as several sector indices are trading in the red except BSE Information Technology, BSE Metal, BSE FMCG and BSE Healthcare. It is clear that defenses are outperforming in Monday’s trading session, on an intraday basis. Several stocks in the chemical industry outperform the markets in weak market conditions.

The following chemicals sector stocks outperformed the markets in Monday’s trading session on an intraday basis:

Sr No

Upper circuit stocks

Price gain (%)

1

Fineotex chemicals

9

2

Kanoria chemicals

5

3

Yasho Industries

7

4

Vishnu

4.99

5

Ambani Organic

4.97

6

Jayant Agro Bio

3.93

7

Gujarat Alcalis

3.64

8

Thirumalai chemicals

3.53

9

Privi Chemical Specialties

3.38

ten

Gujarat Flurochemistry

3.32

11

Nocil

3.17

12

Amines of Balaji

3.02

13

Clariant chemicals

2.21

14

Tata chemicals

1.18


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