Chemical stocks in focus; Alkyl Amines, Gujarat Fluorochem at new highs

Shares of Gujarat Fluorochemicals soared 9 per cent to Rs 1,730, hitting a new high today

Shares of chemicals companies were on a roll in Monday's intra-day trade. Shares of Alkyl Amines Chemicals, Gujarat Fluorochemicals, Balaji Amines and Navin Fluorine International hit their respective new highs on the BSE in an otherwise subdued market on expectations of strong earnings. These stocks rallied up to 11 per cent in intra-day trade today. In comparison, the S&P BSE Sensex was down 0.05 per cent at 52,948 points at 01:54 pm.

Besides these four stocks, Gujarat Alkalies and Chemicals, NOCIL, Gujarat Heavy Chemicals, Sudarshan Chemical Industries, Deepak Nitrite and Pidilite Industries also outperformed the market by gaining over 8