AARTI INDUSTRIES LTD
SECTOR: SPECIALITY CHEMICAL—IT IS A LEADING MANUFACTURER
OF SPECIALITY CHEMICAL WITH A GLOBAL FOOTPRINT.
TTM/EPS; -Rs.12.28 (+2.66%yoy)
TTM/PE: -35 /SECTOR PE: -64.50
BOOK VALUE: -Rs.150.15
PRICE TO BOOK VALUE: -2.87
DIVIDEND YIELD: -0.35%
FACE VALUE: - Rs.5/
EQUITY: - 181.26cr.
SHARE HOLDING PATTERN: - PROMOTER—42.60% ---FII---9.70%----DII---18.10%
& PUBLIC---29.60%.
All-Time High: --1168 made on 19.10.2021.
All-Time Low: --00.68 made in 1996
Recent Low: - 334 made in 2020.
Open-411.70--High-432--Low-411.70—Close-429.75 on 15.1.2025.
Support:410.35/402.10/390.25/383.25/379.75/370.50/356.45/337.65/334/325.
Resistance:433/438/442.60/456.50/459.75/480.40/529.40/534.90/541.65/559/563/571.65/593.85/606.55/630/648.90/668.85/677.65/714.85/718.80/728.90/757/769.25/773.05/782.55/807.90/819.90/840.85/880.50/900/924.40/950/990/1040.95/1118/1168.
(Bold and underlined figures are most important)
It is on a very weak footing technically but it seems that downside risk is minimum at this juncture. Please note that it has bed of critical support in the range of 410.35---402.10---397.80---390.25 and it bounced back recently from this range only, if it sustains above this range on the closing basis then it is likely to surge ahead in coming days, weeks or months. But break & sustained close below 410.35 & 402.10 will be a warning sign and break & sustained close below 390.25 may witness an accelerated fall and can drag it down to much lower levels.
Similarly, moving up
it will stiff resistance at 459.75---480---573.80, if it moves above 459.75
& 480 and sustain on the closing basis then it will give a good
indication of moving up further and if it moves above 573.80 and sustain
on the closing basis then it is likely to extend the up-move for sure and then
the broad upside target could be 625---688---770---870---985----1013---1168(for
in between target or resistance points please refer resistance table on the
upside).
In view of the above
observation, it is suggested that investors can accumulate the stock now and,
on the decline, but not below the range of 410---402 with a strict stop loss of 385
on the closing basis. The
stock has the potential to double or more in 18-24 months’ time frame from now. Please note that the short stop loss would be 320 but the authentic
stop loss would be 300.
IMPORTANT: DO NOT TRADE OR INVEST WITHOUT STOP LOSS.
NOTE: - It is a technical assessment of the stock as of now, the technical
interpretation changes with the price movement and time, therefore it has to be
reviewed at regular intervals, furthermore investors are advised to look into
fundamental, financial details of the company because that too keeps on
changing and last but not the least management perception for the future of the
company before taking investment decision.
Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.
Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.
Note: Price stated here are of spot market.
Contact me for strategic guidance to enter and exit trade.
Thanks
Narendra Kumar Surana
Mobile—8240951127/9831313654.
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Thank you for sharing your views.