In our view, favorable sowing conditions, a decline in closing stocks of key crops and a run-up in global commodity prices are expected to drive a turn around in Specialty Chemicals business. Biaxially-oriented polyethylene terephthalate (BoPET) business is enjoying favorable demand-supply dynamics, with most markets facing supply shortage are inclined to pay premiums. This should more than offset the pressure in biaxially oriented polypropylene (BOPP) business.