Buy Aartech Solonics; target of Rs 110: Profitmart

Profitmart is bullish on Aartech Solonics has recommended buy rating on the stock with a target price of Rs 110 in its research report dated November 15, 2024.

Broker Research

November 21, 2024 / 14:47 IST

Buy

Profitmart research report on Aartech Solonics

Aartech was founded in the year 1985 driven by the entrepreneurial spirit of its founder Mr. Anil Anant Raje Aartech was established with a view of manufacturing custom-built electrical systems as required for power stations, receiving stations, sub stations, distribution networks, process plants and variety of industries and establishing itself as an “Application Engineering Specialist” in the field of Electrical Switchgear and Control gear Engineering with a determined focus on R&D activities Aartech has expanded its product line and thus comes with a wide range of system solutions & products for all the electrical energy related industries and broadly Its services are useful in various sectors like Renewable Energy, Power T&D, Heavy Engineering, Défense & Exploration, HealthCare, IT & Telecom, Transportation, Non-Renewable.segments

Outlook

Hence we believe that the Aartech Solonics Ltd stock should be purchased at the current price for a price target of around Rs 110 over the next 12 to 18 months based on a Price to sales of 8x considering its niche status & strong product domain going ahead.

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