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Chemical stocks extend rally; GHCL, Phillips Carbon surge 29% in a week

Navin Fluorine International, Neogen Chemicals, and Ultramarine & Pigments hit their respective 52-week highs today

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Emkay Global Financial Services expect margins of SRF/ Navin Fluorine International to remain healthy

SI Reporter Mumbai
Shares of companies in the chemicals, commodities,and specialty chemicals space were trading up to 15 per cent higher on the BSE on Wednesday amid reports that the government is planning to offer tax incentives to promote 'Make in India' for the chemical sector.

Tamilnadu Petroproducts, IG Petrochemicals, Thirumalai Chemicals, Sudarshan Chemical Industries, Himadri Speciality Chemical, National Peroxide, GHCL and Nocil from the S&P BSE Allcap index were up between 5 per cent and 15 per cent in intra-day trade on the BSE. These stocks had rallied up to 20 per cent on Tuesday.

As per media reports, the