Chemicals
Chemicals - Inorganic
from 485 today
Hollow marker shows the firm’s previous target.
Archean Chemical is our top pick in the speciality chemicals space offering a highly favourable risk-reward profile, as it is setting up India's only compound power semiconductor fabrication plant while its core business shows signs of revival.
We maintain our HOLD rating on the stock with a target price of Rs 490 per share, as temporary logistics headwinds in the industrial salt business cloud improving fundamentals while bromine strength remains intact.
Archean Chemical Industries reported a Q1FY27 EBITDA decline YoY due to the salts business and logistics costs, but QoQ growth was strong. The outlook is brightened by a robust bromine and derivative business, leading to a BUY rating and a target price of INR 640.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
