Rakesh, these were the internal projections with which they were working. Plz read the last 3 lines from the same page where they mention that these projections are now subject to revision. They have also mentioned that even Q3 performance will be subdued.
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I read the presentation and added in chat gpt to extract anything if I missed.
Guidance will change based on China dumping. I do not see much reason of 20 percent UC since 2 days. But market might be taking long bet on Fairchem based on PE it is available and business. Unless China pauses producing citing environmental issue or no export to US like situation. I am not seeing much reason.
It is just the market behavior there is no need to dig and try to find reason for every upside if there is no announcement publicly available.
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