reson behind the move

As of January 9, 2025, several specialty chemical stocks, including SRF Ltd and Navin Fluorine International Ltd, have reached new 52-week highs. The primary factors contributing to this rally are:

1. Increase in Refrigerant Gas Prices:

Global Price Surge: U.S. gas distributors have announced significant price hikes for refrigerant gases, with some prices expected to rise by up to 200%. This surge is attributed to supply shortages of essential refrigerant gases like R32 and R125, which are crucial for the HVAC sector.

2. Anticipated Improvement in Q3 Financial Performance:

Brokerage Projections: Analysts forecast a recovery in sales for specialty chemical companies in the third quarter. For instance, SRF’s Q3 FY25 EBITDA is projected to increase by 6% year-on-year, driven by improved performance in the chemicals segment, particularly in specialty chemicals.

3. Positive Sector Outlook:

Agrochemical Cycle Rebound: Brokerages have identified companies like SRF and Navin Fluorine as beneficiaries of a rebound in the agrochemical cycle, leading to increased demand for their products.

These factors have collectively enhanced investor sentiment, leading to significant stock price appreciation for SRF Ltd and Navin Fluorine International Ltd.

Note: The information provided is based on available data as of January 9, 2025. For the most current and detailed information, consulting financial advisors or official company releases is recommended.