VINATI OR­GAN­ICS

Flash News Investment - - RECOMMENDATIONS -

We had rec­om­mended Vinati Or­gan­ics to our read­ers in vol­ume no. 33, is­sue no. 29 (dated May 8, 2017) when the scrip was trad­ing at Rs 842. Our rec­om­men­da­tion was based on fac­tors such as ca­pac­ity ex­pan­sion and in­tro­duc­tion of new prod­ucts in the mar­ket. We had re­viewed the stock in is­sue no. 38 (dated July 10, 2017) when it was trad­ing at Rs 960. We had rec­om­mended our in­vestors to hold the scrip at that level. The man­age­ment plans to dou­ble its rev­enues in the next 3-4 years. We see the stock has good up­side po­ten­tial in its price, but as our tar­get price has been achieved, we rec­om­mended our in­vestors to BOOK PROFIT in the scrip on July 17, 2017.

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