Vinati Organics extends rally into fifth straight day, soars 36% in 1 week

The company expects some pressure on the oil-related application during FY21, but demand for pharma, water treatment and others is expected to continue growing

Shares of Vinati Organics continue their northward movement, trading higher for the fifth straight day and up 5 per cent at Rs 1,355 on the BSE on Friday. The stock of the commodity chemicals maker was trading at its record high level. In the past one week, it has outperformed the market by surging 36 per cent, as against 0.44 per cent rise in the S&P BSE Sensex.

For April-June quarter (Q1FY21), Vinati Organics posted a standalone net profit of Rs 72.29 crore, down 12.21 per cent, from Rs 74.62 crore reported in the year-ago quarter. Its revenue from operations stood