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Specialty Chemicals Growth Catalysts

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by JM Financial Institutional Securities dated September 28, 2017


Company Recommendation Target
Navin Fluorine International Limited (NAVINFLUOR) (532504) Buy Rs 700
PI Industries Limited Hold Rs 750
SRF Limited (SRF) (503806) (INE647A01010) Buy Rs 1670
UPL Limited (UPL) (512070) Buy Rs 950


Company Recommendation Target
Aarthi Industries Limited (AARTIIND) (524208) (INE769A01020) Not Rated
Aksharchem India Limited (AKSCHEM) (524598) Not Rated
Asahi Songwon Colors Limited (ASAHISONG) (532853) Not Rated
Atul Limited (ATUL) (500027) (INE100A01010) Not Rated
Clariant Chemicals India Limited (CLNINDIA) (506390) Not Rated
Meghmani Organics Limited (MEGH) (532865) Not Rated
Sudarshan Chemical Industries Limited (SUDARSCHEM) (506655) Not Rated


Company Recommendation Target
Sunshield Chemicals Limited (SUNSHIEL) (530845) Not Rated
Ultramarine and Pigments Limited (ULTRAMAR) (506685) (INE405A01021) Not Rated

Water Treatment Chemicals

Company Recommendation Target
Ion Exchange India Limited (IONEXCHANG) (500214) Not Rated

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