New Delhi, Nov. 6 -- Domestic brokerage firm Motilal Oswal has maintained its 'Buy' rating on Himadri Speciality Chemical, setting a target price of Rs.780 per share. This implies an upside potential of around 37% from the stock's Friday closing price of Rs.568.

The brokerage's bullish outlook is supported by several growth drivers, including China+1 sourcing opportunities, the One Big Beautiful Bill Act (OBBBA), India's expanding cell manufacturing capacity and rising global adoption of lithium iron phosphate (LFP) batteries.

Motilal Oswal believes Himadri is positioning itself to benefit from the growing demand for battery materials and higher-value specialty carbon products, while its expansion into tyre manufacturing through the acq...