Rating: Buy
Target Price: Raised to ₹3,622 (from ₹3,393)
🔍 Key Highlights:
Positive Outlook: Driven by capex revival and strong specialty chemicals performance
Chemicals Segment: Company reiterates 20% growth guidance
Capex Plans: ₹2,400–2,500 crore planned in FY26E
Packaging Films (BOPP): Remains a strategic focus area
Demand Environment: Seeing gradual improvement in sentiment and off-take