ICICI Securities Limited
Chemplast Sanmar’s (Chemplast) weak print for Q2FY23 was anticipated in view of
falling PVC prices and inventory write-downs. Company said PVC prices continue to
slide in Q3FY23 too, and recovery is likely only from Q4FY23.
Chemplast Sanmar has lost -34.73% in the last 6 Months
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