Despite the Covid-19-induced shutdown, one sector that remains resilient in the stock market is chemicals. Shares of most companies from the sector have witnessed a turnaround in the last few days ¯ after an initial blip due to the bearish sentiments in the global and domestic markets ¯ as analysts expect a promising future.

Most analysts see chemical makers including Navin Fluorine International, SRF, PI Industries, Aarti Industries, Galaxy Surfactants, Camlin Fine Chemicals, Sudarshan Chemicals, Rallis India, UPL and Vinati Organics remaining in focus. That, of course, is provided these players handle the opportunity well.

Besides, most of them have already either fully or partially restarted their operations, signalling they would be less impacted due to the slowdown.

This decade for chemicals?

According to Ambit Capital Research, Indian chemicals players will benefit from the expanding specialty chemicals market globally led by growing new applications alongside manufacturing shifts from China ¯ which has been battered by reliability and transparency woes and EU, due to its ageing workforce focus on innovation, and M& As.