383.4000 -3.80 (-0.98%)
NSE Jun 13, 2025 15:31 PM
Volume: 38,960
 

383.40
-0.98%
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
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