Valuations for the sector are, by and large, not expensive but not cheap either. In some cases, it is close to the long-term averages and should be evaluated case by case.

For chemicals, Budget 2022 is a minor reversal of import substitution policy

A reduction of duties on key chemicals to help soften raw material inflation

Goa Carbon: Is it a turnaround candidate?

The recent monthly production data of Goa Carbon indicates a pricing improvement for CPC (calcined petroleum coke)

Goa Carbon Q1: Weaker end market demand, lower product spreads key negatives

Production volumes are breathing again, thanks to lifting of ban on key raw materials. But below-par capacity utilisation remains a work in progress

Goa Carbon: Weak Q3, but volume rebound on horizon; margin to remain weak

Post recent raw material mobilization, company’s operations are in full swing. Company is sitting on sale order of 50,000 tonne and hopeful of capacity utilization of 96 percent in Q4. End market demand, particularly in aluminum industry (80 percent of sales) remains intact.

Rain Inds: Good results confirm strong tailwinds for carbon products in metal industry

Current pricing realization can sustain in medium term on account of structural supply curtailments. This also provides positive takeaways for Himadri Speciality Chemicals.

Buy Goa Carbon; target of Rs 107: Firstcall Research

Firstcall Research is bullish on Goa Carbon and has recommended buy rating on the stock with a target of Rs 107 in its November 27, 2012 research report.