The stock is down by 18 per cent from its 52-week high of Rs 458 per share while it is up by 60 per cent from its 52-week low of Rs 236.30 per share.

Once touted as top gainers during the corona virus pandemic period, chemical stocks now face a prolonged downturn, offering reduced valuations that attract investors. Mandar Wagh delves into the industry’s downturn, current financial performance and future prospects to assess if investing in these stocks as a contrarian bet is wise. 

Because of the positive future outlook and the government's emphasis on its expansion, the chemical industry has provided investors with countless multibaggers.