Vinati Organics Ltd., incorporated in the year 1989, is a Mid Cap company (having a market cap of Rs 14667.51 Crore) operating in Chemicals sector.
Financials
For the quarter ended 31-12-2020, the company reported a Standalone sales of Rs 223.47 Crore, up 1.84 % from last quarter Sales of Rs 219.44 Crore and down -6.29 % from last year same quarter Sales of Rs 238.47 Crore Company reported net profit after tax of Rs 64.14 Crore in latest quarter.
Investment Rationale
The brokerage believes strong support is placed at Rs 1255 as it is 80 per cent retracement of the recent up move (Rs 1214-Rs 1447), at Rs 1260.
Promoter/FII Holdings
Promoters held 74.1 per cent stake in the company as of June 30, 2020, while FIIs held 25.5 per cent, DIIs 5.1 and public and others 6.2 per cent.
