look news india
Generally, when an industry or sector is going through a bad phase, the shares of the companies associated with it usually remain soft.
Gujarat's chemical industry was in recession for almost the last three years. But with the start of the financial year 2024-25, the chemical business is improving. There is good demand in the export and domestic market. Between April-June, chemical exports have increased by 13.72% to 25.11 lakh tonnes compared to last year. Along with the increase in the business of chemical companies, the share prices of chemical companies in Gujarat have also increased significantly.
Analysis of share prices of top and well-known companies in Gujarat shows that companies associated with this sector have given strong returns ranging from 7% to 84% from April to August in the current financial year. Out of the 14 companies reviewed, the share prices of 8 companies increased by more than 20% during this period, while the prices of 6 companies increased by 7-20%. The share price of Epigral at the beginning of the year was Rs. 1,095.95, it has increased by 84% to Rs. 2,012.40. Apart from this, the price of Asahi Songwon Colors increased by 79% to Rs. 580.55.
Gujarat government companies are also not behind in giving compensation. The price of Gujarat Alkali and Chemicals rose by 15% from Rs. 673 to Rs. 776.15. Also, the share price of Gujarat Narmada Valley Fertilizers and Chemicals rose 7% to close at Rs. 669.65 on August 22. Shares of companies including Meghmani Organics, Kiri Industries, Atul Limited, Deepak Nitrate have risen significantly.
