Aradel Hold Plc Shares Surpass N1,000 for First Time
On February 16, 2026, Aradel Hold Plc's shares closed at N1,096.70, marking the first time the stock has surpassed the N1,000 mark since its listing in October 2024. This represents a month-to-date gain of 40.6%.
The stock's rally is attributed to strong buying pressure and follows a 12-month target price of N1,040 set in October 2025. Since its listing at N702.69 per share, Aradel's shares have delivered a 63.7% return, with approximately 101 million shares traded.
The company's financial performance has been robust, with revenue from refined products growing by 18% to N210.8 billion, supported by a 26% increase in sales volume. Aradel's market capitalization has reached N4.76 trillion, and the stock has been a significant performer on the Nigerian Exchange, joining six other companies that hit the daily 10% gain limit.
The company had previously traded on the NASD OTC market before its listing.
Plus234Feed summary based on reporting from Nairametrics. Read the original report below.
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