Chemicals sector loses steam; wait for a turnaround gets longer
Separately, battery chemicals and semiconductor chemicals are emerging as new growth areas, with Neogen Chemicals Ltd and Acutaas indicating traction in battery chemicals, and Acutaas and Aether making progress on product development for semiconductors, it added. Even so, Kotak cautions that there isn’t enough visibility around a full-blown recovery in sector fundamentals yet. Stock returns…