Moneycontrol PRO

Buy Gujarat Pipavav; target of Rs 105: ICICI Direct

ICICI Direct is bullish on Gujarat Pipavav has recommended buy rating on the stock with a target price of Rs 105 in its research report dated May 24, 2022.

May 26, 2022 / 08:05 AM IST

"India’s specialty chemicals industry is a decadal growth opportunity and it is still not too late to participate in the value creation process. We prefer CRAMS/CSM players Navin Fluorine (Navin) and PI Industries (PI) as they provide long-term earnings visibility. We also like UPL due to robust growth outlook and reducing debt concerns and SRF due to rising contribution from the chemicals business," JM Financial research report.

  • bselive
  • nselive
Todays L/H

ICICI Direct's research report on Gujarat Pipavav

Gujarat Pipavav (GPPL) is a south-west Gujarat based port with an MNC promoter (APM Terminals – Maersk Group). It lies at a strategic international maritime location, which connects India with the Far East, on the one side, and Middle East, Africa, Europe and the US, on the other. The port container capacity is at 1.35 million TeUs, bulk capacity at 4-5 million MT and liquid capacity at 2 million MT • Container segment comprises ~70% of revenues.


We remain positive on the stock and maintain our BUY recommendation. We value the stock at Rs 105 i.e. 16x P/E on FY24E EPS.

For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: May 26, 2022 08:05 am
ISO 27001 - BSI Assurance Mark