Vinati Organics Ltd.

NSE: VINATIORGA | BSE: 524200 | ISIN: INE410B01037 |Industry: Commodity Chemicals
|Expensive Performer
1190.40 -29.75 (-2.44%)
NSE Oct 29, 2020 15:31 PM
Volume: 66,936
 

Vinati Organics Ltd.    
18 Mar 2020
1190.40
-2.44%
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). We upgrade VOL to Hold as a we have a positive outlook on the VOL in the longer term given capacity expansion in ATBS, launch of new products and superior margin profile. Further, it is trading at 1 Year FWD P/E of 19x which is 35% discount to last 5 year average, which seems to be attractive. 9MFY20 Revenue de-grew by 5% YoY, on account of lower off-take...
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Vinati Organics Ltd. is trading above it's 200 day SMA of 1017.4
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