Market Radar | Chemical exports channel checks: Declining trend continues
Which companies stood out? Which cos fared poorly? @Liza_Fdes2901 is here with the details
#chemicals#StockMarket
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"Hopeful to see production coming back within 3 months," Faiz Nagariya, CFO, Aether Industries tells ET NOW after blaze reported at the company's Surat plant.
Weakness continues in the export market. Per export data
Atul Ltd down 16% QoQ owing to weakness in epoxy resin
SRF realisation down 21% MoM
Navin fluorine down 13% MoM
Deepak Nitrite , Clean Science and Vinati Organic: sharp recovery in sales MoM
#chemical #stocks#
China Key Chemicals Monthly Production largely down in July
Soda Ash – Down 6% MoM
Pesticides – Down 10% MoM
Phosphate Ore – Down 10% MoM
#chemicals#specialty chemicals
Hints that supply still higher than demand. Lower demand may have led to lower capacity.
*Bharat Electronics (BHE)
Receives orders Rs 33bn
BHE has received orders of Rs 114bn in FY24
Orders for shipbuilding programs Rs. 60bn and fuses Rs. 45 bn exp in FY24
likely to clock order inflows higher than guided Rs 240 to Rs. 250 bn in FY24.
#BharatElectronics#BEL
#OnETNOW | "Aatmanirbhar policy is the biggest game changer for the manufacturing sector," Umesh Chowdhary, Vice Chairman & Managing Director, Titagarh Rail Systems said.
#OnETNOW | "Private sector orders are smaller contracts but have better margins," Umesh Chowdhary, Vice Chairman & Managing Director, Titagarh Rail Systems said.
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