Buy Aarti Industries, target price Rs 1320: HDFC Securities

HDFC Securities has buy call on Aarti Industries with a target price of Rs 1320. The current market price of Aarti Industries Ltd. is Rs 1147.1. Time period given by analyst is one year 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 42012.41 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 30-06-2021, the company reported a Consolidated Total Income of Rs 1316.81 Crore, up 8.88 % from last quarter Total Income of Rs 1209.36 Crore and up 40.45 % from last year same quarter Total Income of Rs 937.55 Crore. Company reported net profit after tax of Rs 165.08 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.