ETMarkets.comAxis Securities has buy call on Aarti Industries with a target price of Rs 575. The current market price of Aarti Industries is Rs 531.65. Axis Securities recommended to keep stop loss at Rs 500.
Aarti Industries, incorporated in the year 1984, is a Mid Cap company (having a market cap of Rs 19270.71 Crore) operating in Pharmaceuticals sector.
Aarti Industries key Products/Revenue Segments include Speciality Chemicals and Other Operating Revenue for the year ending 31-Mar-2023.
Financials
For the quarter ended 30-06-2023, the company has reported a Consolidated Total Income of Rs 1414.00 Crore, down -14.61 % from last quarter Total Income of Rs 1656.00 Crore and down -28.31 % from last year same quarter Total Income of Rs 1972.40 Crore. Company has reported net profit after tax of Rs 70.00 Crore in latest quarter.
Investment Rationale
Weekly “down-sloping” trendline breakout Rising volumes, 20 and 50 day positive crossover.
Promoter/FII Holdings
Promoters held 43.65 per cent stake in the company as of 30-Jun-2023, while FIIs owned 12.17 per cent, DIIs 14.83 per cent.
Aarti Industries, incorporated in the year 1984, is a Mid Cap company (having a market cap of Rs 19270.71 Crore) operating in Pharmaceuticals sector.
Aarti Industries key Products/Revenue Segments include Speciality Chemicals and Other Operating Revenue for the year ending 31-Mar-2023.
Financials
For the quarter ended 30-06-2023, the company has reported a Consolidated Total Income of Rs 1414.00 Crore, down -14.61 % from last quarter Total Income of Rs 1656.00 Crore and down -28.31 % from last year same quarter Total Income of Rs 1972.40 Crore. Company has reported net profit after tax of Rs 70.00 Crore in latest quarter.
Investment Rationale
Weekly “down-sloping” trendline breakout Rising volumes, 20 and 50 day positive crossover.
Promoter/FII Holdings
Promoters held 43.65 per cent stake in the company as of 30-Jun-2023, while FIIs owned 12.17 per cent, DIIs 14.83 per cent.
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