Buy Aarti Industries, target Rs 630: Motilal Oswal
Aarti Industries is a high quality proxy play amid two key emerging trends: (1) rising demand for specialty chemicals in India and (2) eastward migration of global chemical manufacturing.
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| Updated: Motilal Oswal maintains a buy rating on Aarti Industries with a 12-month target price of Rs 630. Aarti Industries is a high quality proxy play amid two key emerging trends: (1) rising demand for specialty chemicals in India and (2) eastward migration of global chemical manufacturing.
"We expect EBIT/Ton to improve in Speciality Chemicals segments due to benefits of operating leverage and better product mix. The company is setting up capacities for different chemistries which gives us visibility of volume growth for the next three years," said the brokerage note.
"We expect EBIT/Ton to improve in Speciality Chemicals segments due to benefits of operating leverage and better product mix. The company is setting up capacities for different chemistries which gives us visibility of volume growth for the next three years," said the brokerage note.
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