Geojit recommended accumulate rating on Aarti Industries with a target price of Rs 1493 in its research report dated August 08, 2018.
Geojit's research report on Aarti Industries
AARTI Industries Ltd (ARTO) is a global leader in Benzene based derivative products. Has a diversified product portfolio with end users in pharma, agrochemicals, specialty polymers, paints & pigments.
We value ARTO at P/E of 22x (21x earlier) FY20E given strong earnings outlook and ROE of above 25%.Given sharp run-up in stock prices we downgrade to Accumulate from Buy with a target price of Rs1,493.
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