Vinati Organics hits new high in weak market, surges 33% from August low

On August 9, CARE Ratings upgraded the ratings of VOL's bank facilities with stable outlook

Shares of Vinati Organics (VOL) hit a new high of Rs 2,397, up 4 per cent, on the BSE on Tuesday in an otherwise weak market amid expectations of healthy margins going forward. In comparison, the S&P BSE Sensex was down 0.56 per cent at 36,915 points at 10:33 am.

The stock has rallied 33 per cent from its recent low of Rs 1,801 on August 2, 2019, against nearly 1 per cent decline in the benchmark index in the same period.

VOL is engaged in manufacturing of speciality organic intermediates and monomers and polymers. It manufactures iso