Buy Aarti Industries; target of Rs 82: Mehta Equities

Mehta Equities is bullish on Aarti Industries and has recommended buy rating on the stock with a target of Rs 82, in its August 10, 2010.
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Aug 31, 2010, 04.00 PM | Source: Moneycontrol.com

Buy Aarti Industries; target of Rs 82: Mehta Equities

Mehta Equities is bullish on Aarti Industries and has recommended buy rating on the stock with a target of Rs 82, in its August 10, 2010.

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Buy Aarti Industries; target of Rs 82: Mehta Equities

Mehta Equities is bullish on Aarti Industries and has recommended buy rating on the stock with a target of Rs 82, in its August 10, 2010.

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Mehta Equities is bullish on Aarti Industries and has recommended buy rating on the stock with a target of Rs 82, in its August 10, 2010.

“Aarti Industries (AIL) is the flagship company of the Rs 12.65 billion Aarti Group of Industries. It is the largest producers of Benzene based basic and intermediate chemicals in India. AIL is basically engaged into manufacturing of organic chemicals, mainly benzene based intermediates, Sulphuric acid and allied products. We believe Aarti Industries is a value play and a good medium term investment opportunity in the space of basic and specialty chemical industry. On the valuation per se the stock is attractive in the chemical space which is available at PE of 3.9x to its expected 201103E earnings of Rs 13.7 and 3.2x to its 201203E earning of Rs 16.6 which can be considered as a decent earning growth on conservative basis. Hence considering the above rationales we recommend BUY rating on Aarti Industries with a medium term target of Rs 82,” says Mehta Equities research report.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management.Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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