AARTI INDUSTRIES - A weekly Pic

CMP                :        Rs 990 (31.07.2020)

TARGET           :        RS 1055

PERIOD           :        1 WEEK

SL                  :        BELOW RS 949

Aarti Industries Ltd:

Aarti Industries Ltd., incorporated in the year 1984, is a Mid Cap company (having a market cap of Rs 17256.18 Crore) operating in Pharmaceuticals sector.

Aarti Industries Ltd. key Products/Revenue Segments include Speciality Chemicals which contributed Rs 3822.01 Crore to Sales Value (84.04 % of Total Sales) and Pharmaceuticals which contributed Rs 725.81 Crore to Sales Value (15.95 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 31-03-2020, the company has reported a Consolidated sales of Rs 1076.15 Crore, down -11.68 % from last quarter Sales of Rs 1218.48 Crore and down -15.87 % from last year same quarter Sales of Rs 1279.15 Crore Company has reported net profit after tax of Rs 110.35 Crore in latest quarter.

Technical Analysis:

• Stock has given a range breakout on four hour chart along with that it has also given bullish flag breakout.
• On shorter to longer time frame stock is trading in clearly uptrend.
• Momentum indicator MACD moved above base line which is consider as bullish territory and RSI comfortably trading above 50.

Recommendations: Buy for short term gains of a week.

Note: The analysis is based on the information received from the company fundamentals and its technical trends. Investing in securities always depending upon the market conditions and risk. 

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