The Oceania Times

Top Menu

  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

Main Menu

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

logo

The Oceania Times

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • Asian shares fall as investors brace for inflation report

  • A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

  • Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

  • The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

  • South Korean won, Philippines peso lead losses among subdued Asian currencies

Stock Shares
Home›Stock Shares›Aether Industries share hits upper circuit after positive listing. Buy, sell or hold?

Aether Industries share hits upper circuit after positive listing. Buy, sell or hold?

By Megan
June 3, 2022
15
0
Share:

Aether Industries shares today made a positive debut on the BSE at ₹706.15 levels and continued to surge up to intraday high of ₹776.75 apiece levels, around 20 per cent higher from its upper price band of ₹642 per equity share, hitting the upper circuit level on its first day. The specialty chemical stock listed on NSE at ₹704 per share. 

According to stock market experts, Aether Industries share price has strong support at ₹720 and allottees can continue to hold the stock for short term target of ₹844 levels.

Speaking on Aether Industries share price outlook; Santosh Meena, Head of Research, Swastika Investmart said, “The company’s good listing can be attributed to a recovery in market sentiments, outstanding growth prospects of the company, and a good response from the investors. The issue was priced at a P/E of 72.30 based on annualized FY22 numbers. However, we believe that the company deserves this premium multiple due to its phenomenal growth prospects.”

The company is one of the fastest-growing specialty chemical companies in India, having a high focus on d R&D, relying on differentiated chemistry & technological core competencies, and a robust product selection process. The Indian chemical industry is witnessing a structural change due to the shift of manufacturing activities from China to India and the focus on green chemistry, as per analysts.

Advising Aether Industries share allottees to hold the stock further, Ravi Singhal, Vice Chairman at GCL Securities said, “After strong debut, allottees are advised to hold the stock with stop loss at ₹720 for immediate short term target of ₹844. Those who missed to get Aether Industries shares during allotment process can enter at around ₹750 levels for short term target of ₹844 maintaining stop loss at ₹720 per share levels.”

Calling Aether Industries shares as a portfolio stock, Santosh Meena of Swastika Investmart said, “New investors can buy for the long term and existing investors are recommended to stay invested in the company.”

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

Source link

TagsAether Industries shareAether Industries share priceAether Industries share price BSEAether Industries share price NSEAether Industries share price targetAether Industries share price target 2022Aether Industries share price todaystock market newsstock market today
Previous Article

Australian Economic Growth Forecasts Lowered to 4% ...

Next Article

Joint press conference – Nuku’alofa, Tonga

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Megan

Related articles More from author

  • Stock Shares

    Sensex Today: Stock Market Live Updates: RIL, IT & bank stocks give Sensex 1,100 points fillip; Nifty tops 16,650; all ...

    May 30, 2022
    By Megan
  • Stock Shares

    Dolly Khanna books partial profit in this small-cap agro stock. Details here

    July 9, 2022
    By Megan
  • Stock Shares

    Sensex today: Share Market LIVE Updates: Sensex, Nifty move in narrow range in volatile market; FMCG, Auto shine; Bank, Metal ...

    July 15, 2022
    By Megan
  • Stock Shares

    U.S. Stocks Slide After Jobs Report

    June 3, 2022
    By Megan
  • Stock Shares

    Tech Mahindra Shares Down 40% In 2022 Amid It Selloff. Good Levels To Buy?

    May 27, 2022
    By Megan
  • Stock Shares

    From ₹102 to ₹7200: Multibagger stock gives 6900% return in one year

    June 11, 2022
    By Megan

Leave a reply Cancel reply

You may interested

  • Brokers

    8 out of 10 brokers settle on affordability tech without shopping around

  • Stock Shares

    Nordic American Tankers (NYSE:NAT) Shares Cross Above 200-Day Moving Average of $2.06

  • Brokers

    demat: Despite rising investors, brokers continue to quit exchange memberships

  • LATEST REVIEWS

  • TOP REVIEWS

Timeline

  • August 10, 2022

    Asian shares fall as investors brace for inflation report

  • August 10, 2022

    A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

  • August 10, 2022

    Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

  • August 10, 2022

    The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

  • August 10, 2022

    South Korean won, Philippines peso lead losses among subdued Asian currencies

Best Reviews

Latest News

Stock Shares

Asian shares fall as investors brace for inflation report

People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July 19, 2022. REUTERS/Lam Yik Register now for FREE unlimited access ...
  • A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

    By Megan
    August 10, 2022
  • Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

    By Megan
    August 10, 2022
  • The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

    By Megan
    August 10, 2022
  • South Korean won, Philippines peso lead losses among subdued Asian currencies

    By Megan
    August 10, 2022
  • Recent

  • Popular

  • Comments

  • Asian shares fall as investors brace for inflation report

    By Megan
    August 10, 2022
  • A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

    By Megan
    August 10, 2022
  • Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

    By Megan
    August 10, 2022
  • The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

    By Megan
    August 10, 2022
  • Asian shares fall as investors brace for inflation report

    By Megan
    August 10, 2022
  • Australian economy survived Covid better than most but recovery could slow, OECD says | Australian ...

    By Megan
    September 14, 2021
  • The Best Online Brokers, According to 5 Financial Experts

    By Megan
    September 14, 2021
  • Is Disaster Looming for Australia’s Economy?

    By Megan
    September 29, 2021

Trending News

  • Stock Shares

    Asian shares fall as investors brace for inflation report

    People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July 19, 2022. REUTERS/Lam Yik Register now for FREE unlimited access ...
  • Gold and Precious Metals

    A-Mark Precious Metals (NASDAQ:AMRK) vs. Maison Luxe (OTCMKTS:MASN) Head-To-Head Comparison

    A-Mark Precious Metals (NASDAQ:AMRK – Get Rating) and Maison Luxe (OTCMKTS:MASN – Get Rating) are both small-cap consumer discretionary companies, but which is the superior business? We will compare the ...
  • Stock Shares

    Stock Market LIVE: Indices flat; Nifty below 17,500; IT, Media drag

    Asian markets started on a negative note following a retreat in Wall Street. This was mostly due to the caution ahead of US inflation data that will shape nvestor expectations ...
  • Australian Economy

    The big change coming to Australian inflation after Reserve Bank governor Philip Lowe laughed at

    How Reserve Bank boss getting LAUGHED at on the world stage will radically change Australia’s economy The Australian Bureau of Statistics is trialing a new monthly inflation data series Reserve ...
  • Currencies

    South Korean won, Philippines peso lead losses among subdued Asian currencies

    BENGALURU (Aug 10): Most Asian currencies were subdued on Wednesday, while most stock markets in the region fell, tracking losses on Wall Street, as investors awaited US inflation data later ...
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© Copyright The Oceania Times. All rights reserved.

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.