V-Guard Inds spurts on plans of doubling manufacturing capacity at Uttarakhand cable factory

15 Jul 2013 Evaluate

V-Guard Inds is currently trading at Rs. 502.60, up by 4.85 points or 0.97 % from its previous closing of Rs. 497.75 on the BSE.

The scrip opened at Rs. 501.50 and has touched a high and low of Rs. 502.60 and Rs. 498.50 respectively. So far 384 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 590.50 on 19-Dec-2012 and a 52 week low of Rs. 262.00 on 30-Jul-2012.

Last one week high and low of the scrip stood at Rs. 499.90 and Rs. 467.00 respectively. The current market cap of the company is Rs. 1500.14 crore.

The promoters holding in the company stood at 65.29% while Institutions and Non-Institutions held 16.46% and 18.25% respectively.

In a bid to double manufacturing capacity at its cable factory in Uttarakhand, V-Guard Industries, consumer electrical and electronics company has invested Rs 16 crore. Recently, the company had invested Rs 24 crore to set up the facility in Kashipur, which currently manufactures 3 lakh coils per month.

The capacity enhancement is part of the company’s objective to strengthen its north and east India operations. The company is aiming to be one among the top four brands in India, representing quality and customer satisfaction with a pan-India presence.

V-Guard Industries manufactures a range of products namely voltage stabilizers, pumps, electric water heaters, solar water heaters, cables, UPS, ceiling fans, etc. The company also conducts research and development initiatives for electronic products, electric geysers, electro-mechanical products, electrical wires and solar water heaters.

V-Guard Inds. Share Price

370.85 -4.50 (-1.20%)
31-May-2024 16:01 View Price Chart
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