India's Chemplast Sanmar jumps nearly 15% on strong results, outlook

Chemplast Sanmar

31/01/2022 05:29

** Shares of specialty chemicals co  CHPA.NS  rise as much
as 14.6% to 578.75 rupees in record intraday pct gain
    ** Co on Friday reported 48% jump in Q3 profit  urn:newsml:reuters.com:*:nFWN2U81PX
    ** CHPA said it saw higher price realisations per tonne,
healthy margins for key products, higher caustic soda volumes
    ** Demand has picked up strongly for specialty products and
the built-up inventory is expected to get diluted in near term -
CHPA
    ** Increasing tight supply at the global level for products
like "paste PVC and suspension PVC" augurs well for co
    ** About 659,900 shares change hands vs the 30-day avg
volume of nearly 386,700
    ** CHPA shares up 5% since their Mumbai debut in August

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))