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Concocting The Chemistry Of Growth

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Vinati Organics Ltd (VOL) is a specialty chemical company producing aromatics, monomers, polymers and other specialty products. VOL has been able to deal effectively with the cost advantage of Chinese counterparts in the recent past. Technological advance and economies of scale have helped the company to become a key producer of specialty chemicals. VOL is amongst the largest producers of 2-acrylamido 2 methylpropane sulfonic acid (ATBS), IBB (iso butyl benzene) and IB (iso butylene) products in India. While ATBS is widely used to manufacture dispersants in water chemicals, adhesives, textile companies, mining etc, IBB is used as a pharma intermediate for Ibuprofen, which is generally used as a painkiller. IB has its applications in the fragrance industry and is used as a fuel additive. These three products contributed about 80 per cent of the company's topline in FY18.

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Chennai Petroleum reaches near trendline resistance

Vinayak Gangule / Article rating: 5.0

Chennai Petroleum Limited reached near its downward sloping trendline formed by connecting highs from January 2018, on the weekly time frame. This coincides by the stock's long-term moving average, i.e. 200-week exponential moving average, which is currently placed at 283.20 level. After registering its 52-week low, the stock is trading in a range for the last nine weeks along with low volumes, which indicates it is just a pull-back and the original downtrend is likely to resume soon.

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