Moneycontrol
Get App
Last Updated : Sep 18, 2018 01:41 PM IST | Source: Moneycontrol.com

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.

Broker Research @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

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.


Outlook


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


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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.



Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Aug 10, 2018 04:22 pm
Sections
Follow us on
Available On