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Stock Of The Day: Vinati Organics To End Three-Year Muted Move With 50% Rally

Vinati Organics' long-term growth outlook is healthy, according to Motilal Oswal.

<div class="paragraphs"><p>Vinati Organics shares rose as much as 1.72% on Tuesday, while the benchmark Nifty 50 advanced 0.95%. (Photo source: Freepik)</p></div>
Vinati Organics shares rose as much as 1.72% on Tuesday, while the benchmark Nifty 50 advanced 0.95%. (Photo source: Freepik)
Shares of Vinati Organics Ltd. are poised for a 49% rally, as per Motilal Oswal Financial Services Ltd.— after a range-bound trade since 2021. The target of Rs 2,600 per share set by the brokerage will take the share to a new life high.The long-term trend gauge of the 200-day moving average at the Rs 1,890 mark will be the key barrier to the stock reaching Motilal Oswal's target. However, the counter is also trading above the 14-day ...
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