Stock To Buy: Motilal Oswal Recommends Debt-Free Chemicals Stock, TP Rs 1900

Motilal Oswal has recommended investors to buy chemicals sector stock Vinati Organics Ltd. The analyst has assigned target price of Rs 1900 to buy Vinati Organics shares. Last trading price of Vinati Organics Ltd shares on BSE is Rs 1671.25 apiece with intraday gain of 0.13%. If you buy Vinati Organics stock at last trading price of Rs 1671.25 apiece, you can fetch potential return of 13.69%.

The deft free stock gained 2.14% in last 1-week and declined 10.99% in last 1-year. Vinati Organics shares are trading 5% away from its 52-week low price of Rs 1578.50 apiece. Check details below:

Vinati Organics Ltd Shares Performance & Return: The 52-week high price of Vinati Organics shares on BSE is Rs 2029.50 apiece and 52-week low price is Rs 1578.50 apiece, respectively. The company has a market capitalisation of Rs 17,177.45 crore. Vinati Organics shares declined 8% in last 6-months, fell 13% in last 2-years, and offered return of 11% in last 3-years. The scrip soared 106% in last 5-years and 1320% in last 10-years.

Vinati Organics Financials: The company for the quarter ended December 2023 declared its net profit at Rs 77.01 crore, down 38.59% as against Rs 125.41 crore in the corresponding quarter of last year. Its net sales for the December 2023 quarter declared at Rs 447.99 crore, down 11.93% as compared to Rs 508.66 crore in December 2022. EBITDA of Vinati Organics announced at Rs 123.52 crore in December 2023, down 31.59% as against Rs 180.57 crore in December 2022. The Chemicals stock's EPS declined to Rs 7.43 in December 2023 from Rs 12.20 declared in December 2022.

About: Established in 1989, Vinati Organics Limited (VOL) is a specialty chemical company, focusing on manufacturing specialty chemicals and organic intermediaries. World's largest manufacturer of IBB and ATBS, Vinati Organics Limited (VOL) blends innovation with chemistry to deliver value-added products to its varied clientele. It is a leading manufacturer of specialty chemical and organic intermediaries with a sustained market presence spanning over 35 countries in the world, according to its official website.

Disclaimer: The stock has been picked from the brokerage report of Motilal Oswal. Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to consult with certified experts before making any investment decision.