{
  "id": 17955703,
  "title": "Broker’s Call: Neogen Chemicals (Buy)",
  "url": "https://urgent.news/2026/11/03/brokers-call-neogen-chemicals-buy",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-03T11:34:13.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/brokers-call-neogen-chemicals-buy/article71660425.ece"
  },
  "original_language": "en",
  "account": "Neogen Chemicals reported weaker-than-expected financials in Q2FY27 due to higher input and logistics costs. However, management anticipates improved performance in the core business as the Dahej plant resumes operations. They foresee robust growth in the organolithium segment, with revenues projected at ₹250 crore in FY27, rising to over ₹1,000 crore in FY28. Q4FY27 and Q1FY28 will provide clarity on demand from volume and pricing perspectives. Lithium Salt demand is expected to remain strong, with utilization levels anticipated to hit 70-80 percent in FY28. The Indian battery market is poised for significant growth, with 60 GWh of capacity currently under development, 27 GWh scheduled for commissioning by 2026. This influx of battery capacity will take about a year to stabilize. If the 60 GWh of cell OEMs reaches 50 percent utilization by FY29, Neogen Ionics could reach its optimum capacity. The company plans to invest ₹45 crore to double its organolithium capacity to 600 mtpa at the Patancheru facility, generating additional annual revenue of ₹150-200 crore at full capacity based on current lithium prices. Neogen maintains a constructive outlook on Neogen and recommends a Buy rating with a target price of ₹2,501, capitalizing on strong EV and BESS momentum.",
  "summary": "IDBI Capital Equity Research",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}