Denora globally is a major supplier of electrodes for the chlor-alkali industry and is at the forefront of innovation there like the zero gap technology mentioned in the denora India AR. I think there was a change of guard in 2019 at the parent with a renewed focus on water technologies and hence the new vertical in India as well. Fy20 was good in terms of profitability and sales and if the same continues in fy21 it would be interesting.
If one is technically inclined, prices seem to have been consolidating in the 200-240 range for the past many weeks with improved volume