The chemicals sector s recovery could be delayed until FY25 if the current trends of weak demand and flat pricing continue.
Following a subdued September quarter, the revenue and profit performance of listed chemicals companies are anticipated to fall short of initial expectations of an improvement.
Despite some price stability, the demand trajectory remains uncertain.
Companies in sectors like IT, pharma, chemicals, oil marketing and textiles generally gain when the rupee falls. This time, the story is different. Analysts explain why.
Stock Market Today - Cipla s Pithampur manufacturing facility receives warning letter. The facility remains important as exports of respiratory products such as Albuterol generics to the US are made form this facility.