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What A Surge In Isopropyl Alcohol Prices Means For Two Indian Chemical Makers
These two Indian chemical makers gain every time you sanitise your hands.
07 Jul 2020, 12:35 PM IST ![NDTV Profit](/icons/feather-without-circle.svg)
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![Hand applying sanitizer gel. (Photographer: Angel Garcia/Bloomberg)](https://media.assettype.com/bloombergquint%2F2020-07%2F6c808ac7-8e98-4ffa-8bd4-5a3ffb7ffb1a%2F360182878.jpg?rect=0%2C457%2C4000%2C2250&auto=format%2Ccompress&w=200)
Hand applying sanitizer gel. (Photographer: Angel Garcia/Bloomberg)
Isopropyl alcohol, a key ingredient in hand santisers and medical disinfectants, saw its price surge more than twofold as the new coronavirus outbreak forced people to focus more on self-hygiene to avoid contagion. For two Indian chemical makers, that provided an opportunity.Shares of Deepak Fertilisers & Petrochemicals Ltd., the largest maker of isopropyl alcohol in India, more than doubled from their low in March, aided by a rise i...
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