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Buy Rossari Biotech; target of Rs 950: Anand Rathi

Anand Rathi is bullish on Rossari Biotech has recommended buy rating on the stock with a target price of Rs 950 in its research report dated June 13, 2024.

June 14, 2024 / 12:27 IST
Buy

Anand Rathi's research report on Rossari Biotech

Rossari Biotech is a leading specialty chemicals manufacturing company, focusing on four core chemistries of enzymes, silicones, acrylics and surfactants. It caters to industries such as home and personal care, and performance chemicals (HPPC), textile specialty chemicals (TSC) and animal health and nutrition (AHN) products.

Outlook

We, therefore, value the stock at 26x FY26e EPS at a TP of Rs950, with 26% potential. We initiate coverage on it with a Buy recommendation.

For all recommendations report, click here

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

Rossari Biotech - 14062024 - anand

Broker Research
first published: Jun 14, 2024 12:27 pm

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