Chemical shares in focus; Aarti Industries, Vinati Organics surge over 9%

Analysts at Dolat Capital have kept their FY20E estimates for the sector largely unchanged as they estimate limited impact of Covid-19 on the sector

Shares of chemicals companies, mainly specialty and commodity, were in focus in an otherwise range-bound market on Tuesday on hopes of strong earnings for March quarter (Q4FY20) as brokerages expect the disruptions caused by Covid-19 to have been limited to the last few days of the quarter. After securing the supply chain, logistics and mandatory compliance requirements, the chemicals companies have resumed operations at their manufacturing units since the first half of April.

Aarti Industries, Vinati Organics, Transpek Industries, Bodal Chemicals, Nocil, Fairchem Speciality and National Peroxide gained over 9 per cent in intra-day deals on the BSE today.