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V-Guard Industries inches up on launching new water heater

28 Jun 2016 Evaluate

V-Guard Industries is currently trading at Rs. 1361.80, up by 2.40 points or 0.18% from its previous closing of Rs. 1359.40 on the BSE.

The scrip opened at Rs. 1363.95 and has touched a high and low of Rs. 1371.00 and Rs. 1352.70 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1464.80 on 17-Jun-2016 and a 52 week low of Rs. 786.60 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 1400.00 and Rs. 1297.95 respectively. The current market cap of the company is Rs. 4,099.19 crore.

The promoters holding in the company stood at 65.70%, while Institutions and Non-Institutions held 24.91% and 9.39% respectively.

V-Guard Industries has launched a new water heater Called Verano. This water heater is available in 25 litre and 15 litre variants. The new model can be controlled by a smartphone from anywhere in the world and also controlled with an infrared (IR) remote. Verano is priced at Rs 17,500 for the 25-litre variant and Rs 16,000 for the 15-litre variant and will be available at all leading home appliances stores in South India.

Further, the Verano water heater is controlled with a simple app that can be downloaded onto your smartphone. Other features include automatic failure notification sending mechanism in case of any failure of water heater components to the customer through the app.

V-Guard Industries manufactures a wide range of products namely voltage stabilizers, pumps, electric water heaters, solar water heaters, cables, UPS, ceiling fans, etc.


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