GENERAL23 Sept 2026
Stylam Industries gets BUY from ICICI Direct; 21% upside seen — check price target | Stock Market News
ICICI Direct has started covering Stylam Industries with a BUY call and a ₹4,000 target, about 21% above its last close of ₹3,314. The trigger is Stylam's new Manak Tabra laminate plant, which began production in September 2026 and should add roughly ₹300 crore revenue in FY27. Japanese firm Aica Kogyo now holds 40% of the company.
Key Statutory Highlights
- ICICI Direct has initiated a BUY rating on Stylam Industries with a target price of ₹4,000, which implies about 21% upside from the last closing price of ₹3,314.
- Stylam's new Manak Tabra manufacturing facility, built at an investment of roughly ₹334 crore, began commercial production in September 2026 and is expected to bring about ₹300 crore of revenue in FY27.
- Japanese materials company Aica Kogyo acquired a 40% holding in Stylam for around ₹1,525 crore, and the brokerage feels this could open doors in technology, product development and international markets.
Actionable Advice for Taxpayers / Founders:If you are considering Stylam shares, treat this brokerage view as only one opinion. Read the company's own filings, match the risk to your own goals, and consult a registered investment adviser before buying or selling.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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