Aarti Industries share price: Buy Aarti Industries, target price Rs 980: Chandan Taparia

Chandan Taparia of Motilal Oswal has buy call on Aarti Industries with a target price of Rs 980. The current market price of Aarti Industries is Rs 934.5. 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 33886.88 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
Price volume consolidation breakout on daily frame and trading near its all time high levels.


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.

(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.

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