It is hardly as bad as the market makes it out to be. Trading at P/E lower than its 10yr average is just unseemly. Almost feels like a bear cartel is at works here.
D/E story has been pushed since the Arysta acquisition as if the group would go bankrupt. Nothing bad happened, they have managed their debt well. Then the whistleblower and brouhaha about rent paid on some properties in Bandra that broke in 2020. And now, all the hand wringing on inflation and recession and receivables in Brazil

Please check your Demat holdings. You should see “INE0DK501011”. These are PPL shares. In Zerodha, go to “Console”, and click holdings under the Portfolio dropdown.

@Lynch

Exits in case of sectoral bets usually involve two types of scenarios.

First is where the sector which is usually a commodity (or a glorified commodity) sector starts being touted as a structural story, more so after sharp run up. There is a lot of fanfare related to the sector, a lot of research reports with super bullish targets start coming out even after wild run ups , and anywhere you go, its that particular sector making the headlines. In short, typical signs of froth. Key here is to look at the kind of historical valuations the sector has commanded during previous bull runs and take some hints from it. This usually provides exit when stock price is still climbing up and sometimes our exits seem or are premature.

Second typically is when the sectoral tailwinds start turning, or stock prices give early warnings of things going sour. Usually this is indicated by some kind of technical topping out pattern , say double top, or some kind of weekly or monthly candlestick bearish pattern, or simply a breakdown below 30 WMA, or breach of some key support region which used to give support. Here the selling is done when the stock price is on its way down. If the fall is too precipitous, then selling is often difficult execution wise, or psychologically where we have seen far higher prices and keep hoping that stock price will recover at some point of time, but actually it rarely does.

Sectoral rallies and crashes in different sectors follow nearly similar pathways and psychology and one needs to observe these things closely in markets to figure out certain things, rather than get carried away by price moves. ( And inspite of all these observations I still get carried away, or often exit too early ) There is no holy grail, except to learn from past mistakes, often to make a different set of unexpected mistakes, not always, but sometimes.

I am also curious why markets love MFL and treat MOL as an ugly duckling. MFL is also commodity Chem. It cannot be promoter history. Perhaps I am assuming MFL products have a less seasonal and more predictive perhaps domestic demand pattern. Perhaps something that imports cannot compete with. MOL has a higher export exposure, high agchem seasonality and mostly postpatent chemicals that may lose if China opens up.

Note that currently MOL AgChem is benefitting from seasonal tail winds, esp in the Americas. I am a shareholder in UPL and UPL is also showing the effects of these tailwinds (UPL has its own set of issues).
MOL agchem products are postpatent, I would love to hear from others what their moat is. MOL is bold

In pigments, titania was a bold move as an import substitution, enjoys demand predictability.

This indeed shows the moat of the company that a big company like meta renegotiating the deal with company .