Market Movers: Chemical stocks put up a winning formula on the bourses!

Adani Power, Rashtriya Chemical and Himadri Speciality Chemical were the top gainers in Group A today!

As the benchmark indices traded higher, they gained 0.6 per cent with BSE Sensex closing at 57943.65 up 350 points while Nifty 50 closed at 17325.30 up 103 points.   

   Among the sectoral indices, pharma and realty traded higher while PSUs and media stocks witnessed weakness. BSE Midcap closed higher at23852.86 and Smallcap at 27827.35. 

Adani Power, Rashtriya Chemical and Himadri Speciality Chemical witnessed positive action in today’s session logging their 52-week high. 

Adani Power zoomed 14.07 per cent in today’s session to emerge as the biggest gainer in ‘A‘ Group. Today, the stock logged an intraday high and low of Rs 181.40 and Rs 154.25, respectively and closed at Rs 173.55. It also logged its fresh 52-week high at today’s intra-day high. Adani Power Limited (APL), a part of the diversified Adani Group, is the largest private thermal power producer in India. Given the recent rally in the power and energy stocks, Adani Power has risen 22 per cent in one month. 

Rashtriya Chemical and Fertilizers rallied 13.02 per cent in today’s session and closed at Rs 91.60 The stock has logged its 52-week high in today’s session at Rs 93.60. Rashtriya Chemicals & Fertilizers Limited (RCF), a ‘Mini-Ratna’, is a leading fertilizers and chemicals manufacturing company with about 75 per cent of its equity held by the Government of India.  

Himadri Speciality Chemical soared 12.14 per cent in today’s session The stock witnessed a strong rally, logging a fresh 52-week high at Rs 71.75 closing at Rs 70.70. HSCL is a coal tar pitch manufacturing company and market leader and a significant player in multiple product segments like Coal Tar Pitch, Carbon Black, Naphthalene among others.