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Indian chemical makers fall on slowdown worries after Trump's higher tariffs

ReutersAug 7, 2025 8:02 AM

** Chemical makers Navin Fluorine NAFL.NS down 1.7%, SRF SRFL.NS and PI Industries PIIL.NS decline 2.4% each

** U.S. imposes higher tariffs on Indian goods

** NAFL, SRFL export refrigerant gases, fluorochemicals to U.S.

** PIIL could be indirectly impacted through its broader chemicals exposure

** Cos face potential margin pressure, order slowdowns

** Analysts rate PIIL and NAFL "buy", SRFL rated "hold" - data compiled by LSEG

** Since July 31 when Trump announced initial 25% tariff, PII falls 6.5%, SRFL declines nearly 5% and NAFL drops 1.7%

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