Apcotex Industries, the leading manufacturer of synthetic rubber and synthetic latex in India, is a key beneficiary of import substitution theme. While in last fiscal, it has been impacted by high-cost inventory, we believe this headwind is quickly waning. Further, company appears well positioned to capitalized on medium term demand in key discretionary sectors on the back of new capacities.
Anand Rathi is bullish on Apcotex Industries has recommended buy rating on the stock with a target price of Rs 772 in its research report dated June 06, 2022.
Emkay Global Financial is bullish on Apcotex Industries has recommended buy rating on the stock with a target price of Rs 120 in its research report dated May 24, 2020.