Company updateEconomic Times
Motilal Oswal initiates Buy on Himadri with 39% upside
Positive+20
GreyOak summary
Motilal Oswal initiated coverage on Himadri Speciality Chemical with a Buy rating and a target price of Rs 780, implying 38.7% upside. The brokerage cites expansion into battery materials and carbon value chain as key growth drivers. Analysts project strong revenue and EBITDA CAGR through FY29, supported by LFP cathode capacity scaling and Birla Tyres acquisition.
What it affects
- Motilal Oswal Financial ServicesMOTILALOFSPositive +20
Rolling sentiment Positive +23
Source
Read the original at Economic TimesMore Motilal Oswal Financial Services news
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