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LTP
-0.85 (-0.07%)
Volume
36,031
Market Cap
₹1,773 Cr
52W Low
₹765.05
52W High
₹1,298.00
LTP
9.62 (6.60%)
Volume
40,96,282
Market Cap
₹3,625 Cr
52W Low
₹81.60
52W High
₹164.50
LTP
10.07 (18.79%)
Volume
78,30,870
Market Cap
₹1,581 Cr
52W Low
₹43.30
52W High
₹72.40
LTP
-3.00 (-0.40%)
Volume
26,494
Market Cap
₹690 Cr
52W Low
₹492.25
52W High
₹1,009.00
LTP
-0.37 (-1.76%)
Volume
13,659
Market Cap
₹41 Cr
52W Low
₹11.61
52W High
₹23.74
LTP
-0.25 (-0.14%)
Volume
9,55,205
Market Cap
₹1,044 Cr
52W Low
₹93.05
52W High
₹186.99
LTP
-0.75 (-0.76%)
Volume
7,10,504
Market Cap
₹1,701 Cr
52W Low
₹55.95
52W High
₹104.95
LTP
-1.00 (-0.23%)
Volume
3,09,438
Market Cap
₹2,573 Cr
52W Low
₹284.20
52W High
₹444.25
LTP
0.00 (0.00%)
Volume
116
Market Cap
₹113 Cr
52W Low
₹1,380.00
52W High
₹3,340.00
LTP
4.75 (0.80%)
Volume
1,62,032
Market Cap
₹4,125 Cr
52W Low
₹289.85
52W High
₹655.00
LTP
-10.85 (-0.40%)
Volume
53,312
Market Cap
₹4,720 Cr
52W Low
₹991.25
52W High
₹2,731.20
LTP
-0.45 (-0.05%)
Volume
49,051
Market Cap
₹16,387 Cr
52W Low
₹409.00
52W High
₹926.60
LTP
-0.29 (-4.87%)
Volume
357
Market Cap
₹9 Cr
52W Low
₹0.00
52W High
₹5.67
With Zero Brokerage on Equity Delivery
As India aims to achieve a $5 trillion GDP by 2024-25, the petrochemical and derivatives sector is set to play a crucial role. This sector serves as a foundation for agriculture, infrastructure, manufacturing, and services. It is a key driver of India’s economic progress and is expected to continue being a significant growth engine.
The chemical and petrochemical industries are essential for India’s development, contributing to various sectors. However, challenges like fluctuating feedstock prices and uncertain demand impact not only India but also global businesses. Currently valued at $190 billion, the Indian Chemicals and Petrochemicals sector holds a prominent position on the world stage.
India is not just the 6th largest chemical manufacturer globally and the fourth-largest in Asia but also exports chemicals to over 175 countries, making up 13% of the country’s total exports. The petrochemical sector in India has evolved significantly since its start in the 1970s and is poised for further growth and transformation in the coming years.
In the coming decades, the global demand for petrochemicals is expected to increase, and India is poised to contribute significantly to this growth. The chemical sector in India is outpacing the GDP, growing at a rate 1.2-1.5 times faster. The current estimate of the Indian chemical market is $178 billion, and it is projected to reach $300 billion.
The next decade is anticipated to bring in investments exceeding $87 billion into the sector, with India accounting for over 10% of global petrochemical growth. The government is actively supporting this growth through various initiatives, such as allowing 100% Foreign Direct Investment (FDI) through automatic pathways, creating Petroleum, Chemicals, and Petrochemicals Investment Region (PCPIR) zones, and setting up more than 10 plastic parks.
A new PCPIR strategy, to be implemented between 2020 and 2035, aims to generate a substantial investment of over $420 billion (Rs. 34 lakh crore) for the chemical sector in India. These measures are expected to further boost the industry’s development and contribute significantly to the global petrochemical landscape.
Before investing in the petrochemicals sector, there are several key factors to consider:
To invest in sector stocks via Angel One, follow these steps:
You can track the status of the purchase from the ‘Positions’ section in the ‘Orders’ module. Once the stock is delivered, you can track its gains and losses from your ‘Portfolio.’
Petrochemical sector stocks represent shares in companies involved in the production and distribution of chemical products derived from petroleum or natural gas.
As of January 31, 2024, Mangalore Refinery and Petrochemicals Ltd is the top stock from the petrochemicals sector with a market capitalisation of ₹31,029.76 crore.
Evaluate petrochemical sector stocks by analysing metrics such as price-to-earnings ratio (P/E), debt levels, return on equity (ROE), dividend yield, and assessing exposure to geopolitical risks.
Investing in petrochemical sector stocks can be lucrative due to the sector’s strong growth potential, increasing global demand, and government initiatives fostering industry development.
Deepak Fertilisers and Petrochemicals Corp Ltd is one of the best petrochemical sector stocks on the basis of 5Y CAGR from the NIFTY 500 universe. As of January 31, 2024, the company recorded a CAGR of 37.51% in the past 5 years.
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