This speciality chemicals stock zoomed 1700% in 5 years; hits new high

Aarti Industries hit a new high of Rs 1,714, rallying 1704 per cent in the past five years from the level of Rs 95 on the BSE.

Shares of Aarti Industries hit a new high of Rs 1,714 apiece, gaining 5 per cent on the BSE in an otherwise weak market after the company posted strong growth of 47 per cent in net profit at Rs 132 crore in December quarter (Q3FY19). The company, one of the most competitive benzene‐based speciality chemical companies in the world, had a profit of Rs 90 crore in the year-ago quarter.

Operational revenue during the quarter review grew 28 per cent at Rs 1,268 crore against Rs 990 crore in the corresponding quarter of previous fiscal. EBITDA (Earnings before interest, taxation, depreciation and