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Aarti Industries reported a significant increase in its first-quarter profit, with a 95.7% rise to Rs 137 crore compared to Rs 70 crore in the previous year. Revenue also grew by 31.2% to Rs 1,855 crore from Rs 1,414 crore. Despite these positive financial results, the company's stock experienced a sharp decline, falling 16% to Rs 614.70 on the BSE during Tuesday's intra-day trade. The decline is attributed to margin pressures, largely driven by Chinese competition and overcapacity in the market. The stock had earlier fallen 12% following the results and crashed 14% amid margin concerns.
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Shares of #AartiIndustries tanked 16% to Rs 614.70 on the #BSE in Tuesday’s intra-day trade amid heavy volumes on margin concerns.
#MarketsWithBS | Shares of #AartiIndustries tanked 16% to Rs 614.70 on the #BSE in Tuesday’s intra-day trade amid heavy volumes on margin concerns. #markets #ShareMarket #stockmarkets https://t.co/bc54tBdptA
