Motilal Oswal just gave Himadri Speciality Chemical a Buy rating, saying the stock could rise around 38.7% from its Thursday closing price of ₹562.55 to ₹780.
The big reason? Analysts are excited about Himadri's move into battery materials and its progress with carbon products, seeing this as a smart shift for the company.
Himadri plans 40,000 tpa LFP capacity
Himadri is betting big on lithium-ion battery materials, aiming for a huge ramp-up to 40,000 metric tons per annum of lithium iron phosphate cathode capacity by fiscal 2028, with an investment of ₹1,125 crore.
Analysts expect this push to drive strong revenue growth, a 24%/23%/21% CAGR in revenue/EBITDA/PAT over FY26-29.