SMIFS research reports

Apcotex share price target

Apcotex Industries has seen strong margin rebound, Growth is in sight, Maintain BUY for target price ₹655 (72% upside): SMIFS

Arjun February 1, 2026

The excitement around recent Anti-dumping duty (ADD) in NBR is waning as finance ministry...

steel strips wheels share price target

Steel Strips Wheels remains confident of uptick in other international markets excluding US. Buy for target price of ₹266 (47.5% upside): SMIFS

Arjun January 27, 2026

We expect EBITDA per wheel to rise to Rs 264 in FY27E and Rs...

Styrenix share price target

Styrenix Performance Materials is the market leader in ABS & SAN & is well poised to capture growing domestic demand and would benefit from import substitution opportunity. Buy for target price of ₹2864 (40% upside): SMIFS

Arjun December 28, 2025

The company has multiple triggers & trading at a steep discount to its large...

SJS Enterprises share price target

SJS Enterprises has shown robust performance & has strong growth potential ahead. BUY for target price of ₹2223 (31.5% upside): SMIFS

Arjun November 9, 2025

Robust performance, Strong growth potential ahead, Maintain BUY! Overall performance was above our expectations....

Vardhman Textiles share price target

Vardhman Textiles reported resilient quarter amid tariff uncertainty. Buy for target price of ₹555 (27% upside): SMIFS

Arjun October 26, 2025

Decent performance with improvement in textile margin

PCBL share price target,

PCBL Chemical Ltd: Near term headwinds transitory in nature, Visibility of growth in sight, Maintain BUY for target price of ₹540 (49% upside): SMIFS

Arjun October 23, 2025

Robust volume growth & focussing on growth capex are the key triggers.

Huhtamaki share price target

Huhtamaki India Ltd: Growth is in sight, Valuations attractive, Maintain BUY for target price ₹320 (41% upside): SMIFS

Arjun October 16, 2025

The current stock price has factored in most of the negatives.

HG Infra share price target

HG Infra is strategically positioned to attain 15.1% revenue CAGR over FY25- 27E. Buy for target price of ₹1779 (85% upside): SMIFS

Arjun August 18, 2025

HG Infra is strategically positioned to attain 15.1% revenue CAGR over FY25- 27E, supported...

IGPL share price target

IGPL is a near net cash company with strong foothold in domestic market. Buy for target price of ₹609 (44% upside): SMIFS

Arjun August 17, 2025

IGPL is a near net cash company with strong foothold in domestic market focussing...

Campus Activewear share price target

Campus’s calibrated approach to marketing, adding more touchpoints, new launches and price hike will help market share gains. Buy for target price of ₹335 (28% upside): SMIFS

Arjun August 16, 2025

Campus Activewear delivered a muted Q1FY26 performance, broadly below our expectations. Revenue grew 1.2%...