09 Jan 2025

Surge in Chemical Sector Stocks on BSE Amid Positive Earnings Outlook

Chemical industry stocks witnessed a sharp rise on the BSE, driven by optimistic earnings expectations and reports of a price increase in refrigerant gases in the US.

  • SRF Ltd. surged to ₹2,667.05, gaining 316.15 points or 13.45% from its previous close of ₹2,350.90.
  • Balaji Amines climbed to ₹1,957.10, up by 216.20 points or 12.42% from ₹1,740.90.
  • Alkyl Amines Chemicals rose to ₹1,933.60, marking an increase of 195.20 points or 11.23% from ₹1,738.40.
  • Navin Fluorine International reached ₹3,833.30, up by 343.85 points or 9.85% from its prior close of ₹3,489.45.

The sector's strong performance reflects growing investor confidence in its future prospects.