Vinati Organics gains on pact with overseas firms

Shares of Vinati Organics are up over 2% at Rs 389 on the BSE after the company announced that it has entered into long term tripartite agreement with USA & Japan based chemical companies for supply of a customized product.

Due to this turnover is expected to increase by Rs 45 crores in financial year 2016-2017.

The stock opened at Rs 385 and touched an intraday high of Rs 390 on the BSE. At 9:45 am, around 10,000 shares were traded on both the stock exchanges.