This stock gave a return of 6,500% to the investors, will this stock continue to climb like this? – Best Multibagger Stocks This stock gives 6500 pc return Know Aarti Industries Stock Outlook tutd

Story Highlights

  • Excellent quarterly results of the company
  • Stock brokers are positive about shares

It is not necessary that everyone should get good returns in the stock market. Identifying the right stock and a little wait can give you manifold returns to get good returns. For those who bet on the chemical company Aarti Industries 10 years ago, this stock proved to be a tremendous return maker. The company’s stock gave investors a return of about 6,565 percent in the last 10 years. In this way, it can be said that if someone had invested one lakh rupees in the shares of this company in 2012, then that amount would have become about 66 lakh 65 thousand rupees at this time.

The price of the company’s shares rose in this way
The price of one share of Aarti Industries was Rs 14.70 on February 9, 2012, which climbed to Rs 979.80 per share on February 8, 2022.

Let us know what will be the condition of this stock in the coming time.
Despite this stellar performance, Dalal Street is still very optimistic about further upside in the company’s shares. The company’s constant focus on Capital Expenditure and R&D has been the reason for this. The brokerage firm HDFC Securities said regarding the company’s stock, “The toluene segment in India has not worked at all and the demand related to it is completely based on imports. AIL will benefit in the long term by entering this segment. Thirdly. Quarterly EBITDA and adjusted profit after tax exceeded our estimates.”

Know about the company’s quarterly results
The company’s consolidated net profit jumped 357 per cent to Rs 772.49 crore for the quarter ended December 31, 2021. The company had a net profit of Rs 165.27 crore in the same quarter of 2020. During the week under review, the company’s income from operations also jumped 101 per cent year-on-year to Rs 2,636.16 crore. If seen over the long term, the bottom line and top line of the company have grown by 23 per cent and 12.50 per cent respectively since 2011.

Nirmal Bang Securities has set a target of Rs 1,100 for Aarti Industries. The brokerage firm has said, “Aarti Industries is adding new chemistry and new products. In future, there is going to be a capex of Rs 2,500-3,000 crore on specialty chemicals and Rs 300-500 crore for pharma.”

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