Atul is a leading chemical company based in Gujarat from the Sarabhai group. Its products find application in varied industries such as textiles, pharmaceuticals, agrochemicals, adhesives, flavors and fragrances. The diverse nature of company’s products is a key strength and creates a de-risked business model. Increased vigilance on pollution control norms by Chinese authorities has led to higher end product prices for the entire industry . We expect this trend to continue and therefore have an over weight view on the stock. Recent covid 19 pandemic had a transient impact and profits have normalized and with the commissioning of new plants growth in domestic and export markets is expected – 28-07-2021 Price: 9066.55 Rating: Neutral Weight Recommendation: Hold
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