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Motilal Oswal sees 37% upside in Himadri Speciality Chemical

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Brokerage Motilal Oswal maintained a 'Buy' rating on Himadri Speciality Chemical with a target price of Rs 780, implying 37% upside. The bullish view is driven by China+1 sourcing, India's cell manufacturing growth, and Himadri's expansion into lithium-ion battery materials and specialty carbon products via the Birla Tyres acquisition.

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