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Archean Chemical - Robust Long-Term Growth Outlook: Axis Securities Initiates Coverage With A 'Buy'

We value the stock at 14 times FY25E EPS and initiate coverage with a 'Buy' rating on the stock with a target price of Rs 810/share, implying an upside of 33% from the current market price.

<div class="paragraphs"><p>Archean Chemical Industries Ltd. produces brine from the Rann of Kutch (one of the largest salt marshes in the world) to produce the highest quality liquid bromine. (Source: Company website)</p></div>
Archean Chemical Industries Ltd. produces brine from the Rann of Kutch (one of the largest salt marshes in the world) to produce the highest quality liquid bromine. (Source: Company website)
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