IDBI Capital
The month of December saw mixed chemical price movement: heavy soda ash was up 11% MoM, Toluene was down 11%, and TDI saw a 12% increase. The price growth in Ref gases picked up pace again, as the refrigerant gases index grew by 10% MoM. Contrary to earlier trends, this pick up was on the back of 16% price jump in R32 prices. This is expected to have an effect on the results of our coverage companies, NFIL and SRF, which had previously guided for a...
IDBI Capital released a Sector Update report for Software & Services on 07 Jan, 2026.
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