Buy Aarti Drugs, target price Rs 536: Axis Securities

Axis Securities has buy call on Aarti Drugs with a target price of Rs 536. The current market price of Aarti Drugs Ltd. is Rs 489.25.

Aarti Drugs Ltd., incorporated in the year 1984, is a Small Cap company (having a market cap of Rs 4490.57 Crore) operating in Pharmaceuticals sector.

Aarti Drugs Ltd. key Products/Revenue Segments include Pharmaceuticals for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 621.07 Crore, up 2.22 % from last quarter Total Income of Rs 607.61 Crore and down -16.44 % from last year same quarter Total Income of Rs 743.28 Crore. Company reported net profit after tax of Rs 47.31 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 57.13 per cent stake in the company as of 31-Mar-2024, while FIIs owned 2.56 per cent, DIIs 5.99 per cent.