381.2000 6.10 (1.63%)
NSE Jun 09, 2025 15:29 PM
Volume: 39,257
 

381.20
1.63%
ICICI Securities Limited
Apcotex Industries (AIL) reported subdued Q1FY17 results due to shutdown of high styrene rubber (HSR) plant at Taloja. The plant is under structural repair & renovation work. As per the management, the same is likely to be completed in the next two months. HSR production was temporarily shifted to its wholly-owned subsidiary (Apcotex Solutions India Pvt Ltd) plant at Valia, Gujarat .ICICI Securities Limited maintain the valuation multiple at 18x FY18E EPS of | 18.4, to arrive at a target price of | 330. They have a HOLD recommendation on the stock.
Apcotex Industries Ltd. is trading above all available SMAs
More from Apcotex Industries Ltd.
Recommended