VHCL Industries is currently trading at Rs. 0.93, up by 0.05 points or 5.68% from its previous closing of Rs. 0.88 on the BSE.
The scrip opened at Rs. 0.90 and has touched a high and low of Rs. 0.94 and Rs. 0.73 respectively. So far 4564 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 2.26 on 30-Mar-2015 and a 52 week low of Rs. 0.72 on 09-Sep-2015.
Last one week high and low of the scrip stood at Rs. 1.08 and Rs. 0.72 respectively. The current market cap of the company is Rs. 24.20 crore.
The promoters holding in the company stood at 21.33% while Institutions and Non-Institutions held NA% and 78.67 % respectively.
VHCL Industries has successfully developed and tested a new product, Valpol XE, a new generation recycled compound, designed for use in HDPE Pipes. This material is compatible for use in various sizes of pipes, and can be used in loading levels upto 60%.
With the government stress on ‘Swach Bharat’ there is a greater emphasis on recycling especially plastic waste as the same is non-biodegradable. Further with large investment in irrigation for the agri sector, the company envisages a huge demand for HDPE Pipes for this purpose. The product being launched by the company has been successfully tested in field trials for manufacture of HDPE Pipes, which is a core requirement for all new irrigation projects as well as in infrastructure projects, opening up a hitherto untapped market
VHCL Industries is one of the largest companies in the field of plastics recycling, and a leader in innovative value added recycled polymer blends. In an attempt to overcome its financial troubles, the company has been involved in a series of business restructuring activities, including bringing a strategic investor.
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