This specialty chemicals stock has zoomed 42% in 2 days; hit 2-year high

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This specialty chemicals stock has zoomed 42% in 2 days; hit 2-year high - Business Standard

Quick Summary:

Aarti Surfactants hit a two-year high of Rs 909.90, as they surged 18% on the BSE in Tuesday's intra-day trade, quoting at its highest level since September 2022.

While the company's revenue marginally declined in FY24 owing to correction in realisations considering reduction in input costs, the same contributed to better profitability with Ebitda margin growing by ~290 bps Y-o-Y to 10.7 per cent in FY24.

Additionally, in emerging economies such as India and Southeast Asia, there is a notable shift from plastic to board packaging materials, further fuelling demand for surfactants.