Motilal Oswal has given Buy recommendation for Vinati Organics recommended buy rating on the stock with a target price of Rs 2593 in its research repo with a target price of Rs. 2593 in its research report issued on Sep 01, 2022
Motilal Oswal’s research report on Vinati Organics
VO’s FY22 Annual Report highlights its long-term relationships with its clients and its focus on R&D expertise, which has helped amplify value for all its stakeholders, despite industry cycles and macro headwinds. The management is confident that a niche product portfolio, expansion in its existing capacities, and foray into new products will enable it to keep the revenue momentum strong (that it generated in FY22 after a muted FY21), although macro challenges still remain.
We maintain our Buy rating on the stock with a TP of INR2,593.