13 chemical stocks: Motilal Oswal has Buy on SRF, Atul, Vinati, Galaxy; Sell on Deepak Nitrite, Fine Organic
PI Industries (Buy): Price Rs 2,245, target Rs 3,000, about 34% upside. This is the odd one out, with revenue expected to fall around 3.1% to Rs 18.2 billion and margin down about 250 basis points. A better monsoon and new launches should help the domestic business.Privi Speciality Chemicals (Buy): Price Rs 3,570, target Rs 4,400, about 23% upside. Revenue is expected up about 15%, with margin above 20%. The company is not seen as materially hit by geopolitical tension. Its merger with PFSPL and PBPL is the key event to track.Source: Motilal Oswal Financial Services PI Industries and Privi Speciality, two buys with different quarters ahead
PI Industries (Buy): Price Rs 2,245, target Rs 3,000, about 34% upside. This is the odd one out, with revenue expected to fall around 3.1% to Rs 18.2 billion and margin down about 250 basis points. A better monsoon and new launches should help the domestic business.Privi Speciality Chemicals (Buy): Price Rs 3,570, target Rs 4,400, about 23% upside. Revenue is expected up about 15%, with margin above 20%. The company is not seen as materially hit by geopolitical tension. Its merger with PFSPL and PBPL is the key event to track.Source: Motilal Oswal Financial Services PI Industries and Privi Speciality, two buys with different quarters ahead
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