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Visa Steel is currently trading at Rs. 17.90, up by 0.15 points or 0.85% from its previous closing of Rs. 17.75 on the BSE.
The scrip opened at Rs. 18.65 and has touched a high and low of Rs. 18.65 and Rs. 17.90 respectively. So far 1773 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 22.12 on 26-Oct-2016 and a 52 week low of Rs. 12.05 on 13-Apr-2016.
Last one week high and low of the scrip stood at Rs. 19.35 and Rs. 16.65 respectively. The current market cap of the company is Rs. 200.75 crore.
The promoters holding in the company stood at 61.98%, while institutions and non-institutions held 23.55% and 14.47% respectively.
Visa Steel has resumed operations of its DRI Plant for production of Sponge Iron and two Sub-merged Arc Furnaces of Ferro Alloy Plant for production of Ferro Chrome after getting necessary clearances from Odisha State Pollution Control Board (OSPCB).
With improvement in raw material availability, the operational performance at the company had significantly improved during Q2 of FY’2016-17. The Production of Ferro Chrome has increased from 17,008 MT in Q2FY16 to 24,274 MT in Q2FY17; a Y-o-Y growth of 43%. The Generation of Captive Power Plant has seen a Y-o-Y growth of 55% from Q2FY16 to Q2 FY17. The Production of Blast Furnace has increased from 12,577 MT in Q2FY16 to 45,838 MT in Q2FY17; a Y-o-Y growth of 264%. Production of DRI plant increased from 38,745 MT in Q2FY16 to 47,410 MT in Q2FY17; a Y-o-Y growth of 22%.
Visa Steel is a flagship company of the Visa Group, which has business interests in Steel, Power, Cement, International Trading and Urban Infrastructure etc. The Company is a leading player in the Special Steel, Ferro Chrome and Metallurgical Coke Business in India.
| Company Name | CMP |
|---|---|
| JSW Steel | 919.35 |
| Tata Steel | 175.45 |
| SAIL | 169.35 |
| Jindal Stainless | 711.15 |
| APL Apollo Tubes | 1693.50 |
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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