Indian chemical makers fall on slowdown worries after Trump's higher tariffs

Navin Fluorine International

07/08/2025 09:02

** Chemical makers Navin Fluorine NAFL.NS down 1.7%, SRF SRFL.NS and PI Industries PIIL.NS decline 2.4% each

** U.S. imposes higher tariffs on Indian goods

** NAFL, SRFL export refrigerant gases, fluorochemicals to U.S.

** PIIL could be indirectly impacted through its broader chemicals exposure

** Cos face potential margin pressure, order slowdowns

** Analysts rate PIIL and NAFL "buy", SRFL rated "hold" - data compiled by LSEG

** Since July 31 when Trump announced initial 25% tariff, PII falls 6.5%, SRFL declines nearly 5% and NAFL drops 1.7%

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))