4/10/2024, 12:03:03 pm

Sell Fine Organic Industries; target of Rs 4095: Motilal Oswal

Fine Organic Industries is well-positioned to capitalize on growing demand for sustainable alternatives in global oleochemicals market, valued at USD37.9b in CY23 and projected to reach USD65.4b by CY30, through strategic investments in R&D & capacity expansion. However, capacity constraints & land acquisition challenges may delay new capacity buildup, leading to Sell rating with a TP of INR4,095.