ICICI Securities downgrades Gujarat Fluorochemicals to Hold, revises target price to Rs 3,790

ICICI Securities has adjusted its rating for Gujarat Fluorochemicals. The firm now recommends a 'Hold' stance. The target price has been revised to Rs 3,790. This is down from the previous target of Rs 4,160. The company's Q4 results were affected by production disruptions. However, Gujarat Fluorochemicals anticipates growth in fluoropolymers. Approvals are expected for battery chemicals.