InvestorQ : Why has Himadri Chemicals stock gone up so sharply?
Rutuja Nigam made post

Why has Himadri Chemicals stock gone up so sharply?

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1 month ago
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On Friday, Himadri surged 11% to Rs84.10 but more importantly, this stock has surged 40% just in the last 1 week. Volumes were also huge with over 4.8 crore share or 11.5% of equity changing hands in a day. Himadri is a key player in coal tar pitch and carbon black. China, the largest producer of specialty chemicals, has faced frequent shutdowns due to COVID and that is benefiting Himadri. It is also likely to renegotiate its contracts higher. Expect higher profits.

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