4004.20
4.33%
ICICI Securities Limited
We initiate coverage on Gujarat Fluorochemicals (GFL) with a BUY rating and target price of Rs3,086 (upside 50% from CMP). GFL is in a sweet spot with its presence in fluoropolymers, demand for which is increasing driven by the new-age verticals of battery, solar panel and green hydrogen.
Promoters unpledged 0.10% of shares in last quarter. Total pledge stands at 1.27% of promoter holdings
More from Gujarat Fluorochemicals Ltd.
Recommended