Hold Vinati Organics Ltd., target Rs 551.0 : Geojit BNP Paribas Financial Services

Geojit BNP Paribas Financial Services has Hold call on Vinati Organics Ltd. with a target price of Rs 551.0. The current market price of Vinati Organics Ltd. is 528.65. Time period given by analyst is year, when Vinati Organics Ltd. price can reach defined target. The brokerage cited that the higher contribution of ATBS in the sales mix will improve near term EBITDA margins. The brokerage said the stock is trading at PE of 18.4x FY17 and 16.2x FY18 estimated earnings.