Buy This Mid Cap Stock With A Target Price of Rs. 4,220: HDFC Securities

HDFC Securities one of the largest stock broking firms in India has suggested buying the stock of Fine Organic Industries Limited with a target price of INR 4,220. The brokerage predicts an 18 percent gain for the stock, which had a market price of Rs 3,571 at the time of buy call and is now trading at Rs 3,580 on the National Stock Exchange (NSE). In India, Fine Organics is a prominent manufacturer of chemical additives for foods, plastics, rubbers, paints, inks, cosmetics, coatings, textile auxiliaries, lubes, and a variety of other purposes.

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