Gaurang Shah of Geojit Financial Services is of the view that Ciba Speciality Chemicals has target of Rs 465.
Shah told CNBC-TV18, "Ciba Speciality Chemicals has retail segments, water treatment and chemicals going in across the products. It has got a 100% subsidiary called Diamond Dycan, which is Asia's largest manufacturer of cellulose, optical brightness which has round about more than 45% of domestic markets. It has hived off textile business, volatile textile wherein it has realised Rs 165 crore which will be used for business expansion."
He further added, "The company has poised for a higher growth giving in line the outsourcing from the parent company, it should have a positive impact on the top-line and bottom-line. We have a price target of Rs 465 plus with a eight months to a year prospective and, we see that the growth in the specialty chemicals could be moving in line. Only investment concern will be the crude oil price increase and competition from BSF and Clariant the likes peers in the same sector."
