The report retains BUY with TP of INR2,580 premised on Organolithium and electrolyte business growth, despite Q2 EBITDA/APAT coming below estimates.
Read this note →Neogen Chemicals Limited
NSE NEOGEN BSE 542665 INE136S01016
0 filings · 0 analysed
2,673.00
+17.57%
over 5 days
Prices from Yahoo Finance, NSE close, delayed — indicative only, not for dealing.
Targets, and what happened next
What each house published, and where the price has gone since. Orivam issues no calls of its own and takes no view on these.
| House | Published | Call | Entry | Target | Now | Progress | Standing |
|---|---|---|---|---|---|---|---|
| HDFC Securities | 03 Nov 2026, 06:38 | long | 2,095.40 | 2,580.00 | 2,548.60 | 94% | hit |
| ICICI Securities Ltd. (Retail Equity Research) / ICICI Direct | 02 Nov 2026, 17:02 | long | 2,095.40 | 2,765.00 | 2,548.60 | 68% | open by 2027-11-02 |
| HDFC Securities | 14 Oct 2026, 15:45 | short | 2,687.90 | 2,603.00 | 2,173.70 | 200% | hit |
| HDFC Securities | 11 Sep 2026, 13:40 | long | 2,373.00 | 2,550.00 | 2,173.70 | -100% | hit |
Deadlines: 0 stated by the house, the rest set by Orivam’s convention — ten trading days for a technical call, twelve months for a price target. A target with no date cannot be judged, so one has to be chosen.
What the desks said
The report recommends a BUY rating with a target of ₹2,765 (20x FY28E EBITDA), citing battery-materials capex and strategic tie-ups with Mitsubishi and Morita.
Read this note →The report expects APAT to rise sharply YoY and the rating was revised down from BUY to REDUCE with a raised target price.
Read this note →Announcement timeline
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