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Vinati Organics Consolidated September 2023 Net Sales at Rs 448.14 crore, down 20.86% Y-o-Y

Vinati Organics Standalone September 2023 Net Sales at Rs 448.14 crore, down 20.86% Y-o-Y

Vinati Organics has subscribed to the additional 1,11,60,000 fully paid-up equity shares of the face value of Rs 10each at par, amounting to Rs 11.16 crore by way of subscription towards the rights issue of Veeral Organics, a wholly owned subsidiary, the shares rank pari-passu to existing equity shares of the Company.

Vinati Organics invests Rs 11.16 cr in Veeral Organics via rights issue 

They believe that the factors that are driving the recent rally in the stocks may be short term

'Cautious' on chemical sector, Kotak Institutional Equities’ analysts downgrade two stocks

Motilal Oswal is bullish on Vinati Organics recommended buy rating on the stock with a target price of Rs 2150 in its research report dated August 30, 2023.

Buy Vinati Organics; target of Rs 2150: Motilal Oswal

Prabhudas Lilladher recommended accumulate rating on Vinati Organics with a target price of Rs 1955 in its research report dated August 16, 2023.

Accumulate Vinati Organics; target of Rs 1955: Prabhudas Lilladher

Motilal Oswal is bullish on Vinati Organics recommended buy rating on the stock with a target price of Rs 2150 in its research report dated August 16, 2023.

Sharekhan recommended Hold rating on Vinati Organics with a target price of Rs 1900 in its research report dated August 16, 2023.

Hold Vinati Organics; target of Rs 1900: Sharekhan

Vinati Organics Consolidated June 2023 Net Sales at Rs 431.03 crore, down 14.87% Y-o-Y

Vinati Organics has subscribed to the additional 77,00,000 fully paid-up equity shares of the face value of &#8377; 10each at par, amounting to &#8377;Rs 7.70 crore by way of subscription towards the rights issue of Veeral Organics, a Wholly Owned Subsidiary, the shares rank pari-passu to existing Equity Shares of the Company. 

Vinati Organics subscribes to rights issue of subsidiary - Veeral Organics 

Vinati Organics Ltd. engages in the manufacture and distribution of speciality organic intermediates and monomers. Its products include butyl phenols, speciality monomer and aromatics, miscellaneous polymers, and other speciality products. The company was founded by Vinod Banwarilal Saraf on June 15, 1989 and is headquartered in Mumbai, India.

Watchers	82
52-Wk Low	1,692.55
52-Wk High	2,195.00

Market Cap	177.73B
Volume (M)	24,770.00
52-Wk High	2,195.00
52-Wk Low	1,692.55

VINATIORGA.NSE Vinati Organics Ltd.

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