Company Will Start New Solar Plant Share Target Price ₹1500
Aether Industries share: On the third trading day of the week, the market had a tumultuous environment, and there was a significant amount of buying of some shares. These shares were owned by Ather Industries, which was one of them. A piece of encouraging news concerning the operations of the organisation is the motivating factor behind this share. A solar power plant with a capacity of 15 megawatts (MW) will be established by Ather Industries in Bharuch, Gujarat, for individual use.
What the company said
According to the information that was provided to the stock market, the company has stated that this project will be developed on sixty acres in the Bharuch region of Gujarat. Beginning with the beginning of the following fiscal year, it is anticipated that the solar energy plant will begin its phased operation.
But the corporation has not provided any information regarding the capital expenditures that would be made for this project. As of July 2023, Ather Industries has already initiated a solar energy project with a capacity of 16 megawatts (MW) for individual consumption.
It was stated by the company that the new solar project that is going to be established in Bharuch will help it move closer to a sustainable position and boost the amount of renewable energy sources that it uses. We will continue to explore ways to make Ather Industries a benchmark in sustainability within the chemical industry in the country, as stated by Rohan Desai, who is the promoter of the company and serves as the company’s full-time director.
Share status
In terms of the share price, Ather Industries’ shares ended the trading day on Wednesday at Rs 875.65. At the end of the day, it had a gain of 2.47% in comparison to the previous day. The all-time high for the share during the trading day is Rs 890.20. In June of 2023, the share reached a 52-week high of Rs 1,210.80, which was the highest it has ever been. During the period of May 24-26, 2022, the initial public offering (IPO) was launched. This initial public offering (IPO) had a price per share of ₹610-642.
Market condition
The BSE’s index Sensex, which is based on 30 shares, finished the day at 72,152, representing a decrease of 34.09 points, which is equivalent to 0.05 percent decrease. In the course of trading, the Sensex reached a high of 72,559.21 and a low of 71,938.22. Its high point was 72,559.21. The National Stock Exchange (NSE) index Nifty finished the day at 21,930.50, up a minuscule 1.10 points, or 0.01 percent.
About Aether Industries Ltd
It is an Indian company called Aether Industries Limited. It wants to become a world leader in fine and specialty chemicals as well as active ingredients by following an a plan. This business does study and production work for other businesses.
In Surat (Gujarat), India, Aether runs a one-of-a-kind contract study and production facility. At the moment, our fully working, multipurpose pilot plant can make anywhere from 1 kg to 120 MT.
Technologies and chemicals that are on the cutting edge are what Aether does best. In the fields of electronics chemicals, flavour and fragrances, specialty polymers, agrochemicals, material science, and specialty polymers, Aether makes advanced intermediates and materials.
The people in charge of Aether have worked in India’s chemical business for many years.
Fundamental Analysis of Aether Industries Ltd
| Market Cap | ₹ 11,615 Cr. |
| Current Price | ₹ 866 |
| 52-wk High | ₹ 1,211 |
| 52-wk Low | ₹ 778 |
| Stock P/E | 89.8 |
| Book Value | ₹ 154 |
| Dividend | 0.00 % |
| ROCE | 18.4 % |
| ROE | 15.9 % |
| Face Value | ₹ 10.0 |
| P/B Value | 5.68 |
| OPM | 27.3 % |
| EPS | ₹ 9.59 |
| Debt | ₹ 17.0 Cr. |
| Debt to Equity | 0.01 |
Aether Industries Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹900 | ₹1500 |
| 2025 | ₹1524 | ₹1622 |
| 2026 | ₹1674 | ₹1700 |
| 2027 | ₹1728 | ₹1798 |
| 2028 | ₹1800 | ₹1875 |
| 2029 | ₹1900 | ₹1924 |
| 2030 | ₹1950 | ₹1954 |
In conclusion
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