Vinati Organics Ltd.

NSE: VINATIORGA | BSE: 524200 | ISIN: INE410B01037 |Industry: Commodity Chemicals
|Expensive Star
1212.60 -34.35 (-2.75%)
NSE Oct 22, 2020 14:24 PM
Volume: 46,670
 

Vinati Organics Ltd.    
14 Nov 2019
1212.60
-2.75%
buy
Geojit BNP Paribas
Vinati Organics Ltd (VOL) enjoys global leadership in two specialty chemicals, with market share of 70% in IBB (isobutyl benzene) and 80% in ATBS (2-Acrylamindo 2-Methylpropane Sulfonic Acid). Q2FY20 Revenue de-grew by 3% YoY, but PAT grew by 69% YoY led by higher operating profit and corporate tax cut. EBITDA margins improved by 310bps YoY to 40.7% due to softer RM price and higher contribution from ATBS. We continue to maintain our positive outlook on the VOL given capacity expansion in ATBS and launch of Butyl phenols, which is expected to drive growth for 2-3 years....
default
Vinati Organics Ltd. is trading above it's 200 day SMA of 1010.0
Recommended
More from Vinati Organics Ltd.