External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Thematic (Sector/Industry)

India Materials / Thematic (Sector/Industry)

<div><div><div><div><ul><li>Specialty Chemicals sector stands in puddle facing twin problems of falling demand due to reduction in discretionary spends affecting end-user industries such as dyes pigments and inventory issues in agro-chem, pharma API segment.</li><li>This situation is further aggravated by over-supply in certain Chemicals from Chinese players leading to severe price freefall of certain chemicals in South-East Asia region.</li><li>Chemical companies with strong brand history and goodwill &amp; execution track record in CSM/CDMO with good quality order book can withstand the coming storm, although commoditized manufacturers will be strictly punished in coming quarters, alongside certain specialty players with import substitution risk. </li></ul></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Specialty Chemicals sector stands in puddle facing twin problems of falling demand due to reduction in discretionary spends affecting end-user industries such as dyes pigments and inventory issues in agro-chem, pharma API segment.This situation is further aggravated by over-supply in certain Chemicals from Chinese players leading to severe price freefall of certain chemicals in South-East Asia region.Chemical companies with strong brand history and goodwill &amp; execution track record in CSM/CDMO with good quality order book can withstand the coming storm, although commoditized manufacturers will be strictly punished in coming quarters, alongside certain specialty players with import substitution risk. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Q1 FY24 PREVIEW: CHEMICALS & MIDCAP (OUTLOOK)