External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Equity Bottom-Up

<p>This results in a rating upgrade to BUY (HOLD earlier) and revision in TP to Rs 410 (Rs 315 earlier) as we roll forward our estimates and multiple to FY24E EPS.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

This results in a rating upgrade to BUY (HOLD earlier) and revision in TP to Rs 410 (Rs 315 earlier) as we roll forward our estimates and multiple to FY24E EPS.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Apcotex Industries: Strong Growth Outlook; Demand Bouncing Back

<p>We would await for a better entry point and thus downgrade the stock to HOLD (previously BUY) while valuing the stock at 20x FY23E EPS to arrive at a TP of Rs 315/share.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

We would await for a better entry point and thus downgrade the stock to HOLD (previously BUY) while valuing the stock at 20x FY23E EPS to arrive at a TP of Rs 315/share.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

India

Apcotex Industries Limited, manufactures synthetic rubber, lattices, and associated items.  The Company's products include styrene butadiene lattices, nitrile lattices, vinyl pyridine latex, and styrene butadiene rubber.

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Apcotex Industries (APCO IN)

Apcotex Industries: Strong Growth Outlook; Demand Bouncing Back

This results in a rating upgrade to BUY (HOLD earlier) and revision in TP to Rs 410 (Rs 315 earlier) as we roll forward our estimates and multiple...

Axis Direct

Axis Annual Analysis:Apcotex Industri

We would await for a better entry point and thus downgrade the stock to HOLD (previously BUY) while valuing the stock at 20x FY23E EPS to arrive at...

Axis Direct

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