India's Sudarshan Chemical jumps as German rival files for bankruptcy

Sudarshan Chemical Industries

23/04/2024 10:03

** Shares of Sudarshan Chemical Industries  SDCH.NS  jump
12.7% to 708.5 rupees, highest since Aug 2021
    ** Stock set for best one-day gain since May 2022
    ** Global rival Heubach GmbH files for bankruptcy in Germany
    ** Heubach Colorants India  HEUB.NS , formerly known as
Clariant Chemicals and part of Heubach Group, down 13.5%
    ** HEUB shares hit lowest since July 2023
    ** SDCH competes with Heubach in pigments making, positive
for co -  Centrum Broking
    ** SDCH up 30% YTD, while HEUB down ~32%

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))