VINATI ORGANICS Plunges by 5%; BSE 500 Index Down 1.4%
July 8, 2019 11 am

VINATI ORGANICS share price has plunged 5% and is presently trading at Rs 2,165.

Meanwhile, the BSE 500 Index is at 15,278 (down 1.4%).

Among the top losers in the BSE 500 Index today are VINATI ORGANICS (down 5.0%) and DILIP BUILDCON LTD (down 7.2%).

YES BANK (up 5.5%) and DR. LAL PATHLABS LTD (up 4.6%) are among the top gainers today.

Over the last one year, VINATI ORGANICS has moved up from Rs 977 to Rs 2,165, registering a gain of Rs 1,188 (up 121.6%)..

The BSE 500 has moved up from 14,547 to 15,278, registering a gain of 731 points (up 5.0%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 300.0%), VINATI ORGANICS (up 114.4%) and DCM SHRIRAM (up 84.5%).

What About the Benchmark Indices?

The BSE Sensex is at 39,476 (down 1.2%). The top gainers among the BSE Sensex stocks today are YES BANK (up 5.5%), HCL TECHNOLOGIES (up 1.7%) and INFOSYS (up 0.2%). Other gainer include TCS (up 0.1%). The most traded stocks in the BSE Sensex are YES BANK and INFOSYS.

In the meantime, NSE Nifty is at 11,772 (down 1.3%). YES BANK (up 6.2%) and HCL TECHNOLOGIES (up 2.0%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,575 to 39,476, registering a gain of 3,901 points (up 9.7%).

VINATI ORGANICS Financial Update...

VINATI ORGANICS net profit stood at Rs 825 million for the quarter ended March 2019, compared to a profit of Rs 707 million a year ago. Net Sales declined 2.1% to Rs 3.0 billion during the period as against Rs 3.0 billion in January-March 2018.

For the year ended March 2018, VINATI ORGANICS reported 2.6% increase in net profit to Rs 1.4 billion compared to net profit of Rs 1.4 billion during FY17.

Revenue of the company grew 10.9% to Rs 8 billion during FY18.

The current Price to earnings ratio of VINATI ORGANICS, based on rolling 12 month earnings, stands at 38.1x.