 "SRF, specialty chemicals, refrigerant gases, R134a, R32, anti-dumping duty, brokerages, valuations, agrochemicals, PhillipCapital, Prabhudas Lilladher, Emkay Research")
Shares of India’s largest listed specialty chemicals maker, SRF, have been trading at their lowest levels for the last six months. While there have been tailwinds, such as the anti-dumping duty (ADD) on imports of R-134a refrigerant, the lack of price differential between imports and exports have made the regulatory change inconsequential.
Further, lack of broad-based recovery in prices across speciality and commodity chemicals will weigh on the performance of the sector, as well as SRF. Brokerages, however, are mixed about the impact of the regulatory changes and outlook on the stock.
The immediate triggers for the stock are the
