Chemicals · NOCIL
Petrochem - Polymers
from 171 today
NOCIL reported strong Q1FY27 results driven by higher realizations and volume growth, though management remains cautious on the medium-term outlook amid potential anti-dumping duty uncertainties and raw material pricing. We value the company at 27x FY28E EPS and maintain our Hold rating with a target price of INR179.
NOCIL delivered a healthy volume growth in Q1FY27 and is supported by ongoing capacity additions, regulatory tailwinds, and an expected ~10% FY27 volume growth. We maintain our HOLD rating on the stock with a revised target price of Rs 180.
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.
