New Delhi, Jan. 2 -- The chemical industry in India is highly diverse, with some manufacturers serving a wide range of sectors such as automotive, construction, textiles, and pharmaceuticals. Others focus on specialised areas like agrochemicals.

Recently, stocks in the chemical sector have experienced a decline driven by several factors. The stock prices of many companies have dropped considerably from their 52-week highs.

Given the diverse nature of the industry, the reasons for stock performance often vary between broader industry trends and specific company challenges.

For instance, certain firms have been affected by the surplus capacity in China, exerting downward pressure on prices for Indian producers.

Additionally, Chinese com...