Buy Aarti Industries, target price Rs 1920: Yes Securities

Yes Securities has buy call on Aarti Industries with a target price of Rs 1920. The current market price of Aarti Industries Ltd. is Rs 1771.9. Time period given by analyst is Intra Day when Aarti Industries price can reach defined target.

Aarti Industries Ltd., incorporated in the year 1984, is a Mid Cap company (having a market cap of Rs 30868.25 Crore) operating in Pharmaceuticals sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 1209.36 Crore, up 1.87 % from last quarter Total Income of Rs 1187.21 Crore and up 12.33 % from last year same quarter Total Income of Rs 1076.57 Crore. Company reported net profit after tax of Rs 139.34 Crore in latest quarter.


Investment Rationale
The stock has resumed its uptrend after breaking out of a narrow consolidation phase on good volumes, suggesting bullishness. Technical indicators are also in bull territory, confirming strength in the stock.

Promoter/FII Holdings
Promoters held 47.6 per cent stake in the company as of Sept 30, 2020, while FIIs held 7.5 per cent, DIIs 15.8 per cent and public and others 29.2 per cent.

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