Jefferies top pick in the sector remains PI Industries. PI Industries stands out with a promising outlook for healthy volume growth and an attractive valuation, it said. Meanwhile, it downgraded SRF to ‘Underperform’, anticipating a slower business recovery.
Ajay Joshi says: “In battery chemicals, in the electrolyte and solvent space, Aether Industries, AMI Organics, Tatva Chintan, are some of the companies that are going to do well. In fact, Aether Industries, also happened to sign an MOU with the leading EV company for a multi-year supply contract of electrolyte.”
Ajay Joshi says: “In battery chemicals, in the electrolyte and solvent space, Aether Industries, AMI Organics, Tatva Chintan, are some of the companies that are going to do well. In fact, Aether Industries, also happened to sign an MOU with the leading EV company for a multi-year supply contract of electrolyte.”
The introduction of new molecules based on complex chemistry has created growth opportunities for the company which caters to the agrochemicals and pharmaceuticals sectors. The company is in the process of launching 10 new molecules each of which may add about ₹15 crore annually to the top line. The company is expected to report ₹150 crore of incremental revenue in FY24. The total new molecule count so far has reached 58 at the end of September.