Vinati Organics Ltd.

NSE: VINATIORGA | BSE: 524200 | ISIN: INE410B01037 |Industry: Commodity Chemicals
|Expensive Star
1224.35 -22.60 (-1.81%)
NSE Oct 22, 2020 15:31 PM
Volume: 61,312
 

Vinati Organics Ltd.    
05 Aug 2020
1224.35
-1.81%
buy
Geojit BNP Paribas
We upgrade our rating to Accumulate given capacity expansion, launch of new products and superior margin profile. Q1FY21 revenue declined by 20% YoY led lower contribution from ATBS business due to slowdown in oil & Gas sector. Despite sharp fall in revenues, profitability was cushioned by higher contribution from superior margin IBB business. Going ahead, revenue growth is expected pick-up in H2FY21E led by...
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Vinati Organics Ltd. is trading above it's 200 day SMA of 1011.3
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