AMSEC starts coverage of India's Gujarat Fluorochemicals, Neogen Chemicals with 'buy'

Gujarat Fluorochemicals

19/03/2026 07:07

** Asian Markets Securities (AMSEC) starts India's Gujarat Fluorochemicals GUJL.NS, Neogen Chemicals NEOE.NS with "buy"

** Sets PT of 3,817 rupees for Gujarat Fluorochemicals, 1,663 rupees for Neogen Chemicals

** Cites strong growth potential in battery chemicals amid rising EV, energy storage demand

** GUJL rises 3.41% to 3,245.90 rupees; NEOE gains 2.86% to 1,367.40 rupees

** Brokerage says cos well positioned in lithium-ion battery materials value chain, benefiting from global supply chain diversification

** GUJL rated "buy", NEOE rated "strong buy" on average, per data compiled by LSEG

** YTD, GUJL down 14.28%, NEOE up 12.26%

 (Reporting by Surbhi Misra in Bengaluru)

 ((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))