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VBC Industries jumps on the local bourses

10 Jan 2012 Evaluate

VBC Industries is currently trading at Rs. 5.65, up by 0.28 points or 5.21% from its previous closing of Rs. 5.37 on the BSE.

The scrip opened at Rs. 5.79 and has touched a high and low of Rs. 5.93 and Rs. 5.40 respectively. So far 6619 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 19.60 on 17-Jan-2011 and a 52 week low of Rs. 4.34 on 27-Dec-2011.

Last one week high and low of the scrip stood at Rs. 5.94 and Rs. 5.01 respectively. The current market cap of the company is Rs. 26.71 crore.

The promoters holding in the company stood at 70.96% while Non-Institutions held 29.04%. 

VBC Industries has closed down the manufacturing activities at its plant situated at Dinnedevarapadu village, NH-7, Kurnool in Andhra Pradesh from January 09, 2012 onwards.

The manufacturing activities are closed for the purpose of revamping of air pollution control system and also modernization of the plant and machinery installed at the factory.

VBC Industries is engaged in the manufacture of ferro alloys. The company is part of the VBC Group, an industrial conglomerate having interests in ferro alloys, deep sea fishing, marine food exports, and financial services.

Peers
Company Name CMP
Indian Metal & Ferro 1566.85
Maithan Alloys 1036.10
Nava 704.50
Indsil Hydro Power 41.30
Shyam Century 5.61
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