Vinati Organics Ltd.

NSE: VINATIORGA | BSE: 524200 | ISIN: INE410B01037 |Industry: Commodity Chemicals
|Expensive Star
1269.25 -16.35 (-1.27%)
NSE Oct 20, 2020 14:29 PM
Volume: 29,829
 

Vinati Organics Ltd.    
29 Apr 2020
1269.25
-1.27%
HDFC Securities
Chemical companies are directly/indirectly cater to essential sectors such as pharma, agrochemicals, foods, edible oils. Despite having obtained the permission to resume manufacturing in Q1FY21, lack of demand and logistics challenges, particularly supply of finished goods (within India and internationally), force these companies to either keep their plants under shut down or operate at lower utilization. Given the B2B nature of their business, the coronavirus outbreak has had a limited impact on the earnings of chemical companies in our coverage universe. However, owing to logistical challenges for man/materials, plant shutdowns, shortage of manpower and plunge in demand in FY21, we have cut our earnings estimates by 10-39%.
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Vinati Organics Ltd. has gained 29.28% in the last 3 Months
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