Multibagger stock Aarti Industries share price 100 to 1000 rupees in 6 year check how varpat

New Delhi. These days, there is a tremendous movement in the shares of the chemical sector in the stock market. Meanwhile, many stocks have reached new highs. One of these is the share of Aarti Industries. The price of this Multibagger stock reached 4 digits yesterday and today it reached its new lifetime high of Rs 1,071.55 on NSE.
It took about 6 years for this chemical stock to travel from Rs 100 to Rs 1000. Stock market experts are still bullish on this chemical stock and they say that the stock is yet to rise further.

Know what the experts say?
According to stock market experts, this multibagger stock is still looking bullish and can go up to the level of Rs 1,150 per share in the short-term. He said that due to increasing demand in the domestic market, the plants of Aarti Industry are working at their peak production level, which gives strong indications for the growth of the company in future. According to the share price history of Aarti Industries, till the beginning of 2014 it was a penny stock. But, from February 2014, after the boom in the chemical sector, this penny stock started showing a sharp jump.

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From March to December 2014, the stock rose from Rs 22 (closing price on 14 February 2014 on NSE) to Rs 70.70 (closing price on 19 December 2014). Thus it gave multibagger returns to shareholders in 2014. Since then this stock has seen a steady rise. It achieved the feat for the first time in July 2015, surpassing the penny stock tag to reach three digits. On 4 October 2021, this chemical stock crossed the ₹1,000 level giving a fresh breakout for the investors.

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How will it go next?
An expert associated with a brokerage firm advised investors to buy this stock saying, “This stock has given a fresh breakout at ₹ 1,000. It can be bought for the short-term at the current market price with a target price of Rs 1,150. However, a stop loss of Rs 990 must be kept for this. Shares of Aarti Industries closed at Rs 1,064.40, up 4.22% on the NSE on Tuesday.