I-Sec upgrades J B Chemicals to add, lowers target price to Rs 1,815

ICICI Securities upgrades J B Chemicals & Pharmaceuticals to ADD with a target price of Rs 1815. J B Chemicals, established in 1976, reported a consolidated total income of Rs 971.49 crore for the quarter ended 31-12-2024. They expect earnings CAGR of 18.5% over FY24?27E. Promoter holding stands at 53.66% and FII at 14.64% as of 31-Dec-2024.