Share Market Tips

Buy Aarti Industries (AARTIIND) with a target price 60 , current price level 54 share market tips by VM.VENKATESH.

PE = 6.03 – 30/08/10
EPS = 9.14 – Mar, 10
Face Value = 5
Bonus = 2:1 – 29/12/04
Dividend = 14% – 26/05/10

Our technical view on Aarti Industries ltd

AARTIIND 52 week high is 56.8 and 52 week low is 40

AARTIIND having a support in 51 level if close below 51 it will bear up to 45 level

This share having a resistance in 58 levels some selling pressure will form in this level.

AARTIIND is the flagship firm with the Rs 12.65 billion Aarti Group of Industries. It’s the biggest manufacturers of Benzene based basic and advanced chemicals in India.

Important Competitors for Aarti Industries ltd.

BASF India Ltd, Camphor & Allied Products, Clariant Chemicals (India), Borax Morarji , Citurgia Biochemicals.

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