Name: Latest research reports of Apcotex Industries Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Apcotex Industries Ltd.
Rating: 3
Author: ICICI Securities Limited

Apcotex Industries Ltd.

NSE: APCOTEXIND | BSE: 523694 | ISIN: INE116A01032 | Industry: Auto Tyres & Rubber Products
| Mid-range Performer

324.0000 5.55 (1.74%)

NSE Mar 24, 2025 13:32 PM

New 52W Low in past week

Volume: 24,546

Apcotex Industries Ltd.

12 Aug 2016

324.00

1.74%

Apcotex Industries

Hold: Apcotex Industries Ltd.

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 its 30 day SMA of 322.4