Ami Organics Limited, a major speciality chemical manufacturer, witnessed a 7.55% rise in stock price this week on the National Stock Exchange (NSE).
The main cause of this growth is the upgrade by HDFC Securities, a renowned brokerage company. HDFC Securities has raised Ami Organics to a ‘Buy’ rating and set a target price of ₹1,600 per share.
Ami Organics’ margins are expected to rise 508 basis points from 17.9% in FY24 to 23% in FY26, according to HDFC Securities. The brokerage also anticipates the company’s earnings to expand at a 38% compound annual growth rate (CAGR) during FY24-26, owing to a 29% CAGR in EBITDA.
Stock Performance on Friday
– Open: ₹1,365.00
– High: ₹1,398.00
– Low: ₹1,363.00
