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The Economic Times
Sell Gujarat Fluorochemicals, target price Rs 2,800: Emkay Global Financial Services
GFL's Q1 EBITDA declined 25% YoY to Rs2.6bn (+10% QoQ), on steady bulk and fluorochemicals businesses, while the fluoropolymers business saw a moderate sequential recovery in volume. The management affirmed its EBITDA guidance of Rs18-19bn, with a 1-2-quarter lag.
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Wed, Aug 14, 2024