India's Chemplast Sanmar rises on starting production at chemicals division

Chemplast Sanmar

20/12/2024 06:31

** Shares of specialty chemicals co Chemplast Sanmar
 CHPA.NS  rise as much as 2.2% to 516.35 rupees, last up 1.3%
    ** Co starts commercial production from its multi-purpose
production block at chemicals division in Berigai, Tamil Nadu
    ** CHPA on track for third straight session of gains, if
trends hold
    ** Avg rating of analysts covering CHPA at "strong buy" vs
"buy" rating for peers Sudarshan Chemical Industries  SDCH.NS 
and Navin Fluorine International  NAFL.NS  - LSEG data
    ** CHPA's median PT is at 577.50 rupees - LSEG data
    ** Stock up ~2% so far this year vs ~105% surge in SDCH and
~13% fall in NAFL


 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))