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