Yes Certainly specialty chemicals is going to be a big thing. Crude prices dosen't affect much to the bottomline of these companies. The base oil affects its prices. I think now the rate is 800-830$.It might come down to 700-750$ as per Savita chemicals CEO speak.
Apart from Panama petro, Savita chemicals & Apar Industires are into this business. HDFC owns a substanial stake in Savita.Many funds own Apar also.
RJ taken stake in Panama,definitely there must be something big in it.The PE ratios & equity now make it a safe bet.