Monthly Sector Update: Chemical Industry – Issue: July 2020
Primus Partners has created Chemical indexes based on stock price movement of Chemical stocks. Over 43 stocks have been analysed over 5 year period to create 5 indexes of Chemical Segments : Fertilizer, Refinery, Colorants, Agrochem & Chlor Alkali. Nifty moved from 11,118 on 1 Jul 2019 to 10,430 on 1 Jul 2020, a drop of 6% 4 of 5 chemical indexes actually showed significant growth and outperformed the market significantly. While sales are struggling in most categories, fertilizers are booming.