HDFC Securities has a sell call on Vinati Organics, a chemicals operating Mid-Cap company. With the company’s shares current price at ₹2225.2, HDFC has set a target price at ₹1765, which is to be reached by said target in a year, said by analysts. The said target price is lower due to lower margin iso butyl benzene (IBB), kept in comparison to ATBS having a much higher margin. The organics company ended this quarter with a profit of 4.75% than last quarter, totaling income at ₹525.01 Crore.
