Sudarshan Chemical jumps 19% on rival’s bankruptcy
Mumbai: Shares of Sudarshan Chemical, a pigments supplier, surged as much as 19% Tuesday after its German competitor filed for bankruptcy. The stock closed at ₹717.5 on the BSE, up 14.06% over Monday close. Analysts said Sudarshan is expected to benefit from the bankruptcy of Heubach GmbH, the second-largest global pigments player. “Sudarshan Chemical stands … Read more