Aarti Industries has surged 14% to Rs 108, also its record high on BSE in noon deals, on back if heavy volumes. The stock opened at Rs 95 and has seen huge trading activity on the counter.
At 1325 hours, a combined 356,000 shares already changed hands against an average less than 10,000 shares that were traded daily in past two weeks on the BSE and NSE.
The company has posted a robust 69% year-on-year (yoy) jump in net profit at Rs 36.97 crore for the quarter ended December 31, 2013 (Q3), on back of strong operational income. Net sales of the company increased 42% yoy to Rs 640 crore.
Aarti Industries is a specialty chemical company manufacturing benzene intermediates which find applications with various polymer / agro chemicals & pharmaceuticals manufacturers.
The company is associated with world giants like BASF, Bayer, Syngenta, Taro, Sandoz, Dow chemical, Du Pont, Micro Inks, and Huntsman etc.
Analyst at Anand Rathi Retail Research recommends BUY rating on the stock with a target price of Rs 135.
Diversified revenue mix from different products and from different geographies makes business less vulnerable to slowdown, says analyst in a report.
Meanwhile, in last 5 years promoters have increased stake from 46.6% to 60.83%. In last 12 months promoter’s share has increased to 60.83% from 55.90% in December 2012 which also reflects promoter’s confidence toward their business.
At 1325 hours, a combined 356,000 shares already changed hands against an average less than 10,000 shares that were traded daily in past two weeks on the BSE and NSE.
The company has posted a robust 69% year-on-year (yoy) jump in net profit at Rs 36.97 crore for the quarter ended December 31, 2013 (Q3), on back of strong operational income. Net sales of the company increased 42% yoy to Rs 640 crore.
Aarti Industries is a specialty chemical company manufacturing benzene intermediates which find applications with various polymer / agro chemicals & pharmaceuticals manufacturers.
The company is associated with world giants like BASF, Bayer, Syngenta, Taro, Sandoz, Dow chemical, Du Pont, Micro Inks, and Huntsman etc.
Analyst at Anand Rathi Retail Research recommends BUY rating on the stock with a target price of Rs 135.
Diversified revenue mix from different products and from different geographies makes business less vulnerable to slowdown, says analyst in a report.
Meanwhile, in last 5 years promoters have increased stake from 46.6% to 60.83%. In last 12 months promoter’s share has increased to 60.83% from 55.90% in December 2012 which also reflects promoter’s confidence toward their business.