Vikas Granaries is currently trading at Rs. 5.20, up by 0.11 points or 2.16% from its previous closing of Rs. 5.09 on the BSE.
The scrip opened at Rs. 5.11 and has touched a high and low of Rs. 5.30 and Rs. 5.11 respectively. So far 5747 shares were traded on the counter.
The BSE group 'XD' stock of face value Rs. 10 has touched a 52 week high of Rs. 9.88 on 06-Oct-2015 and a 52 week low of Rs. 5.00 on 07-Sep-2016.
Last one week high and low of the scrip stood at Rs. 5.68 and Rs. 5.09 respectively. The current market cap of the company is Rs. 9.42 crore.
The promoters holding in the company stood at 6.35%, while Non-Institutions held 93.65% of the company.
Vikas Granaries has decided to add new products to its current product portfolio due to shrinking demand of its products (Guar Gum Powder for oil drilling) and declining margins. Accordingly, the company has planned for renovation/technological up-gradation of its existing plant at Chandisar in Gujarat.
The production shall be completely closed for renovation till the technological up-gradation/renovation is completed. The proposed technological up-gradation/renovation of its plant shall widen product portfolio. This will help in increasing the turnover of the company and improve the profitability as well.
Vikas Granaries offers standardized range of ADICOL guar gum powder, which commands a good recognition among its users. The plant and testing laboratory equipped with modern equipment and technology meets the international standards and has become one of the most reliable sources of supply to international quality buyers. The company has business presence across the world, which includes USA Europe, Brazil, Japan, China, Australia, South Africa, etc.