InvestorQ : What explains the sharp rally in the stock of Camlin Fine Chemicals in the last few weeks?
rhea Babu made post

What explains the sharp rally in the stock of Camlin Fine Chemicals in the last few weeks?

Answer
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Riya Dwivedi answered.
1 month ago


Camlin Fine Sciences was locked in upper circuit on the back of heavy volumes on Friday 25 September. The stock is already trading at its 52-week high after it announced the commencement of commercial production at Dahej unit.

In fact, Camlin Fine Chemicals has already commenced commercial production for manufacture of Hydroquinone and Catechol on 21st September 2020. Camline Fine will produce Hydroquinone and Catechol; key raw materials for pharma business.

The commissioning of the plant will result in structural reduction in inventory days since bulk of the HQ can now be sourced from India. Camlin Fine currently imports HQ from Italy, which takes around 49 days to reach India.