Anand Rathi Recommends 2 Mid Cap Multibagger Stocks For Returns Up To 23% In 1-Year

Leading brokerage firm Anand Rathi has recommended two mid-cap stocks for investors. These stocks are Aarti Industries Ltd and Atul Ltd. Check key takeaways below:

Aarti Industries Ltd

Leading brokerage Anand Rathi has recommended investors to invest in pharmaceuticals sector stock Aarti Industries Ltd for a target price of Rs 960 with a potential return of 23%. The stock is currently priced at Rs 780 apiece. The analyst has given a target period of 1 year in which the stock is likely to reach this target price.

Aarti Industries Ltd Stock Outlook: The current market price of the stock is Rs 780 apiece with an intraday decline of 2.93%. The stock's 52-week high is Rs 1168 apiece and 52-week low is Rs 669 apiece, respectively. The market capitalization is Rs 28,306.13 crore. The stock has given a return of 254% in last 5 years and 92% in last 3 years.

Aarti Industries Ltd Latest Quarterly Results: The company for the quarter ended June 30, 2022 declared a consolidated total income of 1972 crore, up 12% from previous quarter total income of 1755 crore. It declared a net profit after tax of Rs 189 crore in the latest quarter.

About Aarti Industries Ltd: Aarti Industries Limited (AIL) is a leading Indian manufacturer of speciality chemicals and pharmaceuticals with a global footprint. We combine process chemistry competence (recipe focus) with a scale-up engineering competence (asset utilisation) for creating a sustainable future.

2. Atul Ltd

Anand Rathi has suggested investors to invest in the mid-cap chemicals sector stock Atul Ltd for a target price of Rs 10,145. The current market price is Rs 8,822 apiece. The stock will offer a potential return of 15%.

Atul Ltd Stock Outlook: The current market price of the stock is Rs 8,822 apiece with an intraday decline of 1.13%. The stock's 52-week high is Rs 10,975 apiece and 52-week low is Rs 7,757 apiece, respectively. The company has a market capitalization of Rs 26,103 crore. The stock has given a return of 287% in last 5 years and 118% in last 3 years.

Atul Ltd Latest Quarterly Results: The company has reported a consolidated total income of Rs 1512 crore, up 8% from previous quarter total income of Rs 1392 crore. The company has declared a net profit at Rs 162 crore in the latest quarter.

About Atul Ltd: Atul is a chemical company serving about 4,000 customers belonging to 30 industries across the world. The Company has established subsidiary companies in the USA (1994), the UK (1996), China (2004), Brazil (2012) and the UAE (2015) to serve its customers and thus enhance breadth and depth of its business, according to its official website.

Disclaimer

The above stocks have been picked from the brokerage report of Anand Rathi. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.