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Accumulate Vinati Organics, target price Rs 1885: Prabhudas Lilladher

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January 10, 2024
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Accumulate Vinati Organics, target price Rs 1885:  Prabhudas Lilladher
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Prabhudas Lilladher has accumulate call on Vinati Organics Ltd. with a target price of Rs 1885. The current market price of Vinati Organics Ltd. is Rs 1724.2.

Vinati Organics Ltd., incorporated in the year 1989, is a Mid Cap company (having a market cap of Rs 17689.82 Crore) operating in Chemicals sector.

Vinati Organics Ltd. key Products/Revenue Segments include Organic/Inorganic Heavy Chemicals, Export Incentives and Scrap for the year ending 31-Mar-2023.

Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 464.35 Crore, up 4.03 % from last quarter Total Income of Rs 446.36 Crore and down -20.80 % from last year same quarter Total Income of Rs 586.27 Crore. Company reported net profit after tax of Rs 84.16 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 74.06 per cent stake in the company as of 31-Dec-2023, while FIIs owned 4.71 per cent, DIIs 7.54 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

Tags: AccumulateLilladhermarket newsMarketsNiftyOrganicsPrabhudaspricesensextargetVinativinati ltdVinati Organicsvinati organics ltdVinati Organics stocks
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