386.5500 -3.05 (-0.78%)
NSE Jun 11, 2025 14:36 PM
Volume: 22,715
 

386.55
-0.78%
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. has gained 23.52% in the last 3 Months
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