HDFC Securities Recommends Speciality Chemicals Sector Stock For Higher Return, Buy

HDFC Securities has suggested investors to buy Speciality Chemicals Sector Stock, Aether Industries Limited with target price of Rs 1121 apiece. Current market price of Aether Industries Limited is Rs 928.00 apiece with intraday gain of 2.55% on BSE. If you buy Aether Industries share, you can get potential return of 21%.

According to the analyst, "With the addition of this contract with Saudi Aramco, Aether will increase its wallet share with the company. We believe that Aether has the capabilities and expertise to retain its existing clients, increase their wallet share, and at the same time, bag new customers." Check details below:

Aether Industries Limited Stock Performance & Return: Current market price of Aether Industries is Rs 928.00 apiece with 52-week high price at Rs 1050.00 apiece and 52-week low price at Rs 699.85 apiece, respectively. The company's market capitalisation is Rs 11,554.59 crore. The stock gave return of 10% in last 3-months and over 1% in last 6-months.

Aether Industries Limited Valuation: According to HDFC Securities, "We retain our BUY rating on Aether Industries, with a target price of INR 1,121 on the back of (1) capacity expansion-led growth, (2) advanced R&D capabilities, (3) technocratic management, (4) market leading position in most of its products, (5) strong product pipeline, and (6) marquee customer base."

About: Aether Industries, based out of Surat (Gujarat, India), focuses on producing advanced intermediates and speciality chemicals involving complex and differentiated chemistry and technology core competencies. Its products find application in the pharmaceutical, agrochemical, material science, coating, high performance photography, additive, and oil and gas segments of the chemical industry. Its business was started in 2013 with a vision to create a niche in the global chemical industry with a creative approach towards chemistry, technology and systems that would lead to sustainable growth, according to its official website.

Disclaimer: The stock has been picked from the brokerage report of HDFC Securities. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.