Aarti Industries Stock Price: Shares of specialty chemicals maker Aarti Industries have seen constant pressure this year. So far this year, the stock has lost more than 30 per cent and 41 per cent from its 1-year high. The stock has also been under pressure due to weak growth guidance for FY2023. Brokerage houses believe that there is a good opportunity to invest in the stock from the current price. A good rally is visible from here. However, if you look at the return chart of this stock, then it has proved to be a multibagger for the investors.
Topping the returns chart
In the last 10 years, it has given about 3700 percent returns and in this case it is included in the top 10 stocks. During the last 10 years, the share of Aarti Industries has increased from Rs 19 to Rs 705. That is, it gained about Rs 686. The 1-year high for the stock is Rs 1168 and the 1-year low is Rs 691. The stock touched a price of Rs 691 on 9 June 2022. Still it is around Rs 700. Whereas in October 2021, it made a 1-year high.
What is the opinion of the brokerage house
Brokerage house Axis Securities has given a target of Rs 875 while recommending investment in the stock of Aarti Industries. Brokerage house Axis Securities says that the company’s focus is on value-added products, while the focus is also increasing on manufacturing more downstream products. The company is working on increasing the capacity utilization at its different plants. Hope to get the benefit of all this.
On the other hand, brokerage house Anand Rathi has given a target of Rs 1065 while advising to invest in the stock of Aarti Industries. Brokerage house Anand Rathi says that despite the problem of supply of raw materials, higher utility cost, higher crude price, the revenue, EBITDA and PAT of Aarti Industries has increased by 41 percent, 32 percent and 38 percent in FY22. Pickup is being seen in the utilization. Revenue will be better from the long term contract, the market share of the company is expected to be better. The growth momentum is going to continue in the coming days.
(Disclaimer: Stock investment advice is given by the brokerage house. These are not the personal views of The Financial Express. Markets are risky, so take expert opinion before investing.)