New Delhi, Dec. 19 -- As the markets trade very close to record highs, finding value always becomes a challenge.

However, here are three stocks from the chemical sector that continue to remain undervalued using specific criteria. These stocks have been selected using data from the Equitymaster screener.

To identify undervalued options, specific criteria were applied, including a debt-to-equity ratio of 0 and a return on equity of 9% or more and a return on capital employed of more than 12%.

It's crucial to remember that valuation is a subjective concept; what one investor considers to be undervalued might not be the same for another. There could also be various parameters to examine undervaluation.

Please note, this editorial is for i...