Economy
Antique Stock Broking Initiates Coverage on Neogen Chemicals
Livemint1h
THE BRIEF
1
Brokerage Antique Stock Broking initiated coverage on Neogen Chemicals with a 'Buy' rating and a target price of ₹3,050, implying a 23% upside from ₹2,482.
2
The brokerage forecasts strong earnings growth driven by scaling battery chemicals operations, projecting 45% revenue and 87% adjusted PAT CAGRs from FY26 to FY30.
3
Neogen's non-FEOC joint venture structure with Japan's Morita positions it to capture demand linked to US tax-credit rules restricting Chinese material starting in 2027.