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Atul and Amal Q3: Strong margin improvement

January 29, 2020 / 05:10 PM IST
Atul and Amal Q3: Strong margin improvement

Highlights Both companies see strong gross margin improvement Expanding product spread augurs well for Amal Atul positioned to benefit from liquidity challenges for chemical mid-cap peers Corona virus outbreak may offer opportunity for market share gains Atul preferred play; accumulate In recent times, integrated chemical manufacturer Atul Industries (CMP: Rs 4,920, Market Cap: Rs 14, 658 crore) has been a market favourite because of multiple tailwinds such as opportunities emerging out of the China-US trade war, environment compliance requirements and domestic corporate tax rate cuts....

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