InvestorQ : What is the reason for the sharp rally in Aarti Industries?
Moii Chavate made post

What is the reason for the sharp rally in Aarti Industries?

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Tisha Malhotra answered.
1 month ago
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Aarti Industries is one of the leading specialty chemicals companies in India with a leadership position in the production and sale of Benzene. It hit a new high of Rs.1787 on 05 May after it announced plans for a bonus issue. Aarti Industries had issued 1:1 bonus last in 2019. It will be ratified in the 11 May board meeting.

The Mar-21 quarter is expected to be a bumper quarter for specialty chemicals companies, like Aarti Industries with profits expected to grow at 15% CAGR for next few years. But the immediate price trigger surely comes from the bonus expectations.

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