SRF (ADD), Navin Fluorine (HOLD), Galaxy Surfactants (HOLD), Sudarshan Chemical (BUY), Rossari Biotech (HOLD)
Rossari Biotech’s four key raw materials’ inflation remains elevated which has kept the company’s margins under pressure. However, in Apr’22, acetic acid prices dipped sharply, but other three products’ prices continue to rise. Pigment prices have increased marginally on QoQ basis, which shows continued pressure on margins for Sudarshan.