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Vikas GlobalOne gains on plan to divest stake in Moonlite Technochem

07 Aug 2014 Evaluate

Vikas GlobalOne is currently trading at Rs. 32.35, up by 0.25 points or 0.78% from its previous closing of Rs. 32.10 on the BSE.

The scrip opened at Rs. 32.70 and has touched a high and low of Rs. 32.85 and Rs. 32.30 respectively. So far 101500 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 34.35 on 06-Aug-2014 and a 52 week low of Rs. 9.90 on 09-Oct-2013.

Last one week high and low of the scrip stood at Rs. 34.35 and Rs. 30.10 respectively. The current market cap of the company is Rs. 326.44 crore.

The promoters holding in the company stood at 42.09% while Non-Institutions held 57.91% stake in the company.

Vikas GlobalOne has received an approval to sell/dispose of the equity investments held by the company in its subsidiary Moonlite Technochem. The board of directors at its meeting held on August 06, 2014 has approved for the same.

Vikas GlobalOne was incorporated in 1984 in New Delhi. The company is engaged in the business of manufacturing and distribution of Specialty Polymers Compounds and Additives. The company manufactures high end products used in agricultural pipes, auto parts, wires & cables, artificial leather, footwear, organic chemicals, polymers, pharmaceuticals and packaging industries.

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