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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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