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IIFL favours SRF over PI Industries in chemicals
Positive+24
GreyOak summary
IIFL Research notes uneven recovery in India's chemical sector, highlighting selective growth in fluorochemicals. SRF was upgraded to 'Buy' due to speciality chemical prospects, while PI Industries remains cautious amid pricing pressure. Navin Fluorine and Deepak Nitrite also performed well, whereas agrochemicals face demand risks.
What it affects
- SRFPositive +24
Upgraded to Buy on speciality growth.Rolling sentiment Positive +30
- PI IndustriesPIINDNegative -24
Cautious due to pricing pressure.Rolling sentiment Negative -50
- IIFL FinanceIIFLNeutral 0
Rolling sentiment Positive +41
Source
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