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    Sell Vinati Organics, target price Rs 1750: HDFC Securities

    Synopsis

    Vinati Organics Ltd., incorporated in the year 1989, is a Mid Cap company (having a market cap of Rs 18616.91 Crore) operating in Chemicals sector.

    BuyAgencies
    Promoters held 74.06 per cent stake in the company as of 31-Mar-2022, while FIIs owned 4.58 per cent, DIIs 7.85 per cent.
    HDFC Securities has sell call on Vinati Organics with a target price of Rs 1750. The current market price of Vinati Organics Ltd. is Rs 1808.05. Time period given by analyst is one year when Vinati Organics Ltd. price can reach defined target.

    Vinati Organics Ltd., incorporated in the year 1989, is a Mid Cap company (having a market cap of Rs 18616.91 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-2021.


    Financials
    For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 501.22 Crore, up 30.68 % from last quarter Total Income of Rs 383.55 Crore and unchanged .00 % from last year same quarter Total Income of Rs Crore. Company reported net profit after tax of Rs 101.10 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 74.06 per cent stake in the company as of 31-Mar-2022, while FIIs owned 4.58 per cent, DIIs 7.85 per cent.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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