Buy Aarti Industries, target price Rs 1079: HDFC Securities

HDFC Securities has buy call on Aarti Industries with a target price of Rs 1079. The current market price of Aarti Industries Ltd. is Rs 996.35. Time period given by analyst is 2 weeks 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 36284.84 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.



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.