318.4500 -2.90 (-0.90%)
NSE Mar 21, 2025 15:31 PM
Volume: 50,482
 

318.45
-0.90%
ICICI Securities Limited
New capex to provide long term visibility The management has already approved capex of around | 60 crore for nitrile latex while it has been de-bottlenecking NBR capacity by 5000-6000 MT. We expect NBR's incremental capacity to drive revenues in FY21. Nitrile latex capacity is expected to come on board within 18-24 months post environmental approval. Hence, this bodes well for growth visibility over FY23-24. We expect NBR volumes from auto to remain sluggish at least in the near term. However, the volume loss in auto segment can be recouped...
Apcotex Industries Ltd. has lost -27.35% in the last 6 Months
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