The company's standalone core operating profit of Rs. 129.98 crore for the quarter, clocked growth of 26.21% yoy.
Aarti Industries reported a 41.75% increase in net profit at Rs.60.72 crore for the quarter ended December 31, 2016. The company’s standalone revenue stood at Rs. 678.77 crore, down 1.95% yoy. Its standalone core operating profit of Rs. 129.98 crore for the quarter, clocked growth of 26.21% yoy.
Stock view:
Aarti Industries Ltd is currently trading at Rs. 483.55, up by Rs. 13.4 or 2.85% from its previous closing of Rs. 470.15 on the BSE.
The scrip opened at Rs. 473 and has touched a high and low of Rs. 502 and Rs. 471.8 respectively. So far 148124(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3917.31 crore.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 584.8 on 07-Oct-2015 and a 52 week low of Rs. 267.1 on 19-Feb-2015. Last one week high and low of the scrip stood at Rs. 497.45 and Rs. 458.9 respectively.
The promoters holding in the company stood at 54.8 % while Institutions and Non-Institutions held 15.74 % and 29.47 % respectively.
The stock is currently trading above its 100 DMA.
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