Sudarshan Chemical: Anand Rathi Maintains BUY Rating, Adjusts Target Price Amidst Q2 FY26 Weakness

Overview

Anand Rathi's research report highlights Sudarshan Chemical Industries' weak performance in Q2 FY26, attributed to demand slowdown in the US/Europe and customer destocking. While revenue and EBITDA saw a sequential decline, the management has trimmed the FY26 EBITDA guidance for the Heubach segment but reaffirmed long-term targets. Anand Rathi maintains a 'BUY' rating but lowers the 12-month target price to Rs1,540 due to near-term softness.