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Vinati Organics reverses 5-day rise

Capital Market 

Vinati Organics fell 2.27% to Rs 2,291.10 on BSE on profit booking after a recent rally.

Shares of Vinati Organics soared 8.95% in the past five trading sessions to settle at Rs 2,344.30 yesterday, 12 September 2019, from its close of Rs 2,151.55 on 4 September 2019.

On BSE, 3,084 shares were traded in Vinati Organics counter, compared to a 2-week average of 2,800 shares. The stock hit an intraday high of Rs 2,347.90 and an intraday low of Rs 2,278.

It hit a 52-week high of Rs 2,358 on 11 September 2019 and a 52-week low of Rs 1,112 on 1 October 2018.

Vinati Organics' net profit rose 28.2% to Rs 82.36 crore on 11.9% increase in net sales to Rs 290.74 crore in Q1 June 2019 compared with Q1 June 2018.

Vinati Organics is engaged in the manufacture of organic and inorganic chemical compounds nitrogenous energetic compounds (NEC). The chemical firm is engaged in manufacturing of specialty organic intermediates and monomers.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, September 13 2019. 14:37 IST
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