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Last Updated : Sep 18, 2018 01:41 PM IST | Source:

Accumulate Aarti Industries; target of Rs 1493: Geojit

Geojit recommended accumulate rating on Aarti Industries with a target price of Rs 1493 in its research report dated August 08, 2018.

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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.

For all recommendations report, click here

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First Published on Aug 10, 2018 04:22 pm
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