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HDFC Securities has buy call on with a target price of Rs 345. The current market price of Vinyl Chemicals (I) is Rs 273.45. Time period given by analyst is 3 months when Vinyl Chemicals (I) Ltd. price can reach defined target.
Vinyl Chemicals (I) Ltd., incorporated in the year 1986, is a Small Cap company (having a market cap of Rs 495.93 Crore) operating in Chemicals sector.
Vinyl Chemicals (I) Ltd. key Products/Revenue Segments include Vinyl Acetate Monomer (VAM) (Traded) and Other Operating Revenue for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Standalone Total Income of Rs 262.37 Crore, up 72.62 % from last quarter Total Income of Rs 151.99 Crore and up 220.82 % from last year same quarter Total Income of Rs 81.78 Crore. Company reported net profit after tax of Rs 3.46 Crore in latest quarter.
Investment Rationale
With the intermediate technical setup too looking positive, the brokerage believes the stock has the potential to move higher in the coming weeks and therefore recommend a buy.
Promoter/FII Holdings
Promoters held 50.62 per cent stake in the company as of 31-Dec-2021, while FIIs owned 0.07 per cent, DIIs 0.0 per cent.
Vinyl Chemicals (I) Ltd., incorporated in the year 1986, is a Small Cap company (having a market cap of Rs 495.93 Crore) operating in Chemicals sector.
Vinyl Chemicals (I) Ltd. key Products/Revenue Segments include Vinyl Acetate Monomer (VAM) (Traded) and Other Operating Revenue for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Standalone Total Income of Rs 262.37 Crore, up 72.62 % from last quarter Total Income of Rs 151.99 Crore and up 220.82 % from last year same quarter Total Income of Rs 81.78 Crore. Company reported net profit after tax of Rs 3.46 Crore in latest quarter.
Investment Rationale
With the intermediate technical setup too looking positive, the brokerage believes the stock has the potential to move higher in the coming weeks and therefore recommend a buy.
Promoter/FII Holdings
Promoters held 50.62 per cent stake in the company as of 31-Dec-2021, while FIIs owned 0.07 per cent, DIIs 0.0 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
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