Since the stock market in India is buzzing, everyone wants to earn. People would think that making money will become accessible in the markets. But this will not be possible if you do not study the markets well.
For that, you need to check how each sector works and what stocks are the best ones to invest in. These days chemical stocks are doing well, and so if you also want to invest your money, it would be vital to understand which chemical stocks are the best.
Best chemical stocks to invest in
A few chemical stocks have done very well in 2021, and here’s the list for the same.
- Deepak Nitrite
- Navin Fluorine
- Tata chemicals
- Atul
- Solar industries
There are more stocks in the chemical sector. But before investing, you will have to keep a few things in mind. These things include the store’s valuation, EPS, book value, shareholding pattern, company results, order book details, and so on.
Whether you want to invest in a chemical company or any other stock, what matters the most is how the company performs and works. If the company is doing well and has a good order book or if the company is a monopoly company or has a good chance of enhancing the market capitalization in the future, then this will help you to decide if you want to invest in this sector or not.
Analysing and studying the market is essential
Deepak Nitrite
This company was established in the year 1970. It has a market capitalization of 10254 crores. It has had a 52 week low of 267 and a 52 week high of 824. This stock is one of the popular stocks in the chemical sector and is also a favorite one of the analysts.
Navin Fluorine
This share is one of the leading ones in the chemical sector. It has a market capitalization of 9746 crores. It has a 52 week low of 686 and a 52 week high of 2207. This stock is one of the best stocks among the traders, and if the investors want to invest in this, they can, depending upon the price it has right now.
Tata chemicals
Tata chemicals were started in 1938. This is one of the leading stocks and is popular among investors and traders. The company has a market capitalization of 7357 crores. It has a 52 week high of 345 and a 52 week low of 197.
Atul
This is one of the oldest chemical companies and was established soon after 1947. It has a 52 week high of 6443 and a 52 week low of 2923. This company has a market capitalization of 18887 crores. Many investors who have invested in this company have also benefited via dividend incomes.
Solar industries
Even though this company falls under chemical stocks, it includes the production of explosive units. The company has recorded a 52 week high of 1349 and a 52 week low of 773. The company has a market capitalization of 9056 crores.
Apart from the above popular companies that are in the chemical sector, the list is long. However, here are some of the best companies that you can consider for investment. Vinati organics, BASF, Sumitomo chemicals, Vinyl chemicals, and Galaxy surfactants are some of the chemical companies you may also look into.
When investing in the chemical sector or, for that matter, in any company in the stock market, you must check how the company has been performing. Timing matters while investing in the stock market. If the stock has been an underperformer in the markets, but if it is doing very well in its business, it will serve as one of the best prospects.
The investors will have to make the strategies when they enter into any share and exit. They should identify themselves as traders or investors. If they do, they will be able to keep a timeline, and this will help them book profits or stay invested as needed.
Conclusion
If you have not been a part of the rally, you must consider what is stopping you. If you do not have your trading account with any broker, you must first open the account. Only after that will there be other things to be carried out. Choosing good stocks in the chemical sector will help the investors to gain maximum returns, and perhaps this will bring in more confidence and hence more earnings. Choose a reputed broker and find out how to take the initial steps to have a smooth and profitable investment.
