ICICI Securities Upgrades Gujarat Fluoro Rating Citing LFP Battery Supply Potential
13 Oct 2026Updated 2 hr ago1 source
ICICI Securities has upgraded its rating and target price for Gujarat Fluoro, according to an NDTV Profit report. The brokerage highlighted that the company can meet 70% of the value requirement for Lithium Iron Phosphate (LFP) batteries. This capability positions Gujarat Fluoro as a key player in the expanding global supply chain independent of China.
NIKAN Intelligence
What happened
ICICI Securities upgraded the investment rating and target price for Gujarat Fluoro. The brokerage cited the company's strong potential in the EV battery supply chain as a primary trigger.
Why it matters
Gujarat Fluoro is capable of addressing 70% of the total value requirement for LFP batteries. This establishes the company as a critical non-Chinese supplier in the global green energy transition.
What we know
- ICICI Securities upgraded Gujarat Fluoro's rating and target price.
- The company can address 70% of the value requirement for LFP batteries.
- The brokerage identifies the company as a critical player in the evolving non-Chinese global supply chain.
What we don't know
- The specific new target price set by ICICI Securities.
- The exact timeline for when these supply capacities will be fully operational.
- The financial details of any current LFP battery supply contracts.
Generated by NIKAN's analysis engine from the cited reports only. Nothing here is invented; gaps are shown as unknowns. Always read the original coverage linked below.
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