Broker’s Call: Camlin Fine Sciences (add)

Target: ₹480 CMP: €154.55 Camlin Fine Sciences or CFSL’s vanillin plant, which came into operation in January 2023, experienced a lengthy ramp-up phase due to technical issues such as color inconsistency and chlorine contamination, delaying commercial sales until H2-CY24. Now that these problems have been resolved, the focus shifts to structurally tight global markets. Europe […]