Vama Industries jumps on bagging order for supply, installation of HSM systems

02 Dec 2016

Vama Industries is currently trading at Rs. 18.50, up by 0.80 points or 4.52% from its previous closing of Rs. 17.70 on the BSE.

The scrip opened at Rs. 19.75 and has touched a high and low of Rs. 19.75 and Rs. 17.95 respectively. So far 129990 shares were traded on the counter.

The BSE group 'XD' stock of face value Rs. 2 has touched a 52 week high of Rs. 19.75 on 02-Dec-2016 and a 52 week low of Rs. 3.20 on 16-Mar-2016.

Last one week high and low of the scrip stood at Rs. 19.75 and Rs. 14.80 respectively. The current market cap of the company is Rs. 97.20 crore.

The promoters holding in the company stood at 42.94%, while Institutions held 57.06% stake of the company.

Vama Industries has bagged an order from Indian Space Research Organization (ISRO) for supply, installation and commissioning of Hierachical storage Management (HSM) systems and servers for central archival facility solution on turnkey basis for Rs 3.53 crore on company and $ 2.83 million (Equivalent to in Rs 19.27 crore conversion exchange rate considered current market rate) on Vama Technologies Pte, Singapore a wholly owned subsidiary of the company.

Vama Industries has established credentials in multiple business lines across domestic and International markets in engineering, IT and IT enabled services.


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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323