Aarti Industries surges on Rs 98.45 crore buyback plan

03 Jan 2018

Aarti Industries is currently trading at Rs. 1148.65, up by 19.25 points or 1.70% from its previous closing of Rs. 1129.40 on the BSE.

The scrip opened at Rs. 1135.35 and has touched a high and low of Rs. 1153.00 and Rs. 1135.35 respectively. So far 3700 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 1162.80 on 22-Dec-2017 and a 52 week low of Rs. 680.00 on 23-Jan-2017.

Last one week high and low of the scrip stood at Rs. 1159.90 and Rs. 1060.00 respectively. The current market cap of the company is Rs. 9427.42 crore.

The promoters holding in the company stood at 53.70%, while institutions and non-institutions held 16.62% and 29.69% respectively.

Aarti Industries is planning for Rs 98.45 crore buyback. The company will buy back up to 8.20 lakh shares at Rs 1,200 a share through the tender offer route. The promoter group intends to participate in the buyback. The company’s board of directors had fixed January 5 as the record date for the buyback.

Aarti Industries is one of the most competitive benzene-based speciality chemical companies in the world. It is a rare instance of a global speciality chemicals company that combines process chemistry competence (recipe focus) with scale-up engineering competence (asset utilization).

Related Aarti Industries Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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