India Abrasives Stocks May Rise Up to 56% on China Export Shift
Indian abrasive manufacturers could benefit from China's abrasive products losing export rebates, making them more competitive. Experts see up to 56% upside in select stocks within the sector, which is also experiencing a capex up-cycle and structural premiumisation. Monarch Networth advised on the outlook.
New Delhi, Oct. 1 -- China's abrasive products, used for grinding, cutting and polishing, are losing export rebates, which could make Indian-made abrasives more competitive. The sector is seeing a mix of capex up-cycle and structural premiumisation, according to Monarch Networ…