Chart view:

The stock corrected to restest it's "LOW" since coming to the mainboard.

Significantly bounced back with volume before touching previous low.

Recaptured 20DMA in the reversal, 50DMA acted as resistance.

Chart suggests a clear reversal.

Product portfolio

Strong product portfolio development will enable the integration more feasibly. Management is quite good at doing the integration successfully.
As the whole Dalal street knows, heavy CAPEX completed in recent years might bring the topline growth soon.

Capex detail in the following comment.👇👇👇
Completed the expansion of chloro-phenols capacity at Sarigam from 4,800MTPA to 18,000MTPA in a span of two years.

Increased the production capacity at Tarapur and Vapi plants from 13,000MTPA to 16,000MTPA.

Undertook expansion at Jhagadia plant for hydrogenation ...Cont...
They has a land in Sayakha and Dahej (total around 80,000sqmtr). These are option to use future for further expansion projects.
Jhagadia plant expansion is an example of how keen management is to look forward and initiate backward integration.
Expansion in Vapi and Tarapur aims to something else.
The company can utilize their plant and the competency in the chemical field to produce value-added products in the portfolio which are mostly import-substitutes.

Eventually, the efficiency of the plant improved as well.
Aarti group is a stalwart of the Indian chemicals industry. Chandrakant Gogri was awarded the prestigious ‘Distinguished Alumnus Award’ by UDCT in 1995 for his entrepreneurial achievements in the chemicals industry.

This is the company's journey till now.

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