Buy Aarti Industries, target price Rs 1050: Chandan Taparia

Chandan Taparia of Motilal Oswal has buy call on Aarti Industries Ltd. with a target price of Rs 1050. The current market price of Aarti Industries Ltd. is Rs 1006.2.

Time period given by analyst is Intra Day when Aarti Industries Ltd. price can reach defined target.

Aarti Industries Ltd., incorporated in the year 1984, is a Mid Cap company (having a market cap of Rs 36417.16 Crore) operating in Pharmaceuticals sector.


Aarti Industries Ltd. key Products/Revenue Segments include Speciality Chemicals and Pharmaceuticals for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 1552.10 Crore, up 17.87 % from last quarter Total Income of Rs 1316.81 Crore and up 32.35 % from last year same quarter Total Income of Rs 1172.68 Crore. Company reported net profit after tax of Rs 176.05 Crore in latest quarter.

Investment Rationale
Stock came out of its range on daily scale and closed above its 50 DEMA

Promoter/FII Holdings
Promoters held 44.21 per cent stake in the company as of 30-Sep-2021, while FIIs owned 11.86 per cent, DIIs 14.76 per cent.