KR Senthilnathan on 2 chemical stocks that are still good buys
“We are trying to see structural change in the consumption pattern. So wherever there is a structural change in the consumption pattern, we will be a buyer of that. And that is where the wealth has been created in the past and we continue to believe in that.”
Corporate Radar: Multibagger chemical stock to trade ex-split; Vijay Kedia stock to mull fund raising & more
Choice International: This stock held by Madhusudan Kela stock will also release its results today. The company is among the leading financial services conglomerate catering globally. In the September quarter, the companys net sales were at Rs 74.07 crore, 21% higher on a year-on-year basis.
With 3-year returns at 1476% return, this smallcap stock will consider stock split on Monday
Vishnu Chemicals is a multibagger stock with year-to-date returns of 129% and 3-year returns at an exorbitant 1,476%.Ahead of the stock split, the stock of Vishnu Chemicals ended 5% upper circuit at Rs 2000.3 per share.Hyderabad-bade Vishnu Chemicals is a pure play chemical manufacturer that serves companies across industries such as steel, glass, pharmaceutical, pigments and dyes, leather and allied industries.
Meghmani Organics CFO on capex, expansion, topline and more
“We are expanding our multipurpose plant in agro division by spending Rs 350 crore plus. We are expecting to commission it in early Q3 of this financial year. In the case of pigment division, our first phase of expansion in titanium dioxide capacity will be in late Q3 of this financial year. We will be spending around Rs 275 crore in the first phase and Rs 325 crore in the second phase and double the titanium dioxide capacity.”
Brokerages bullish on these specialty chemical stocks ahead of Q1 numbers
The brokerage believes that a healthy order book and new product pipeline would boost the company's topline. "Margin expansion is possible over cost reduction, while organic and inorganic routes will pave way for business growth," it added