News Snapshot:
Expectations that China’s power crisis could prove to be a “structural growth driver”, and not just a one-off event, have been driving chemical stocks higher. According to reports, widening power shortages in China have halted production at numerous factories, including many chemical manufacturers. The development, analysts say, could impact chemical output by as much as 25 per cent in the country, which in turn could benefit Indian speciality chemical makers. Over the past two weeks, shares such as Gujarat Alkalies and Chemicals, India Glycols, Meghmani Finechem, Chemplast Sanmar, and Solar Industries have surged between 25 to 56 per cent on...
