The stock market is a place where there is profit and there is also risk. This is the reason why experts always advise to invest wisely. A small mistake can result in loss of lakhs. In such a situation, expert and brokerage advice keeping an eye on the stock market becomes very important. Brokerage firm ICICI Securities continues to have confidence in the Gujarat Fluoro Chemicals stock. ICICI Securities is offering a bet on this stock.
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Share price will go up to 3400!
Keeping in view the recent performance of the company, the brokerage firm has increased the target value of the company from Rs 3356 to Rs 3,400. Let us tell you, the stock of Gujarat Fluorochemical has given a return of 200% during the last one year.
Because of this, the share price may increase
According to ICICI Securities, Gujarat Fluorochemical can start a battery chemical plant in the financial year 2023. The effect of which will also be visible in the revenue. The company is underlining strong growth in FY23. Growth is likely to be driven by factors such as expansion in capacity, sales from high-profit producers.