Buy Aarti Drugs, target price Rs 528: Axis Securities

Aarti Drugs Ltd., incorporated in the year 1984, is a Small Cap company (having a market cap of Rs 4502.52 Crore) operating in Pharmaceuticals sector.

By ETMarkets.com | Nov 28, 2023, 10.24 AM IST

Promoters held 58.56 per cent stake in the company as of 30-Sep-2023, while FIIs owned 2.33 per cent, DIIs 5.32 per cent.

Axis Securities has buy call on Aarti Drugs Ltd. with a target price of Rs 528.0. The current market price of Aarti Drugs Ltd. is Rs 490.25.

Aarti Drugs Ltd., incorporated in the year 1984, is a Small Cap company (having a market cap of Rs 4502.52 Crore) operating in Pharmaceuticals sector.

Aarti Drugs Ltd. key Products/Revenue Segments include Pharmaceuticals for the year ending 31-Mar-2022.

Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 642.23 Crore, down -2.94 % from last quarter Total Income of Rs 661.71 Crore and down -6.62 % from last year same quarter Total Income of Rs 687.77 Crore. Company reported net profit after tax of Rs 39.60 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 58.56 per cent stake in the company as of 30-Sep-2023, while FIIs owned 2.33 per cent, DIIs 5.32 per cent.

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