New Delhi, May 29 -- Jefferies has released its latest sectoral update on Indian chemical stocks, delivering a mixed outlook as the industry continues to grapple with muted demand trends and intensifying global pressures. While the brokerage remains cautious on the near-term prospects of the sector, it has identified selective opportunities for investors, recommending a "buy" on PI Industries and Navin Fluorine, while retaining an "underperform" rating on SRF.

According to Jefferies, the global agrochemical landscape remains under stress. Major innovators in the segment are forecasting flat revenue growth in 2025, while pricing pressure in key markets like Latin America persists. Additionally, elevated Chinese exports are creating a supp...