Visaka Industries is currently trading at Rs. 470.90, up by 30.70 points or 6.97% from its previous closing of Rs. 440.20 on the BSE.
The scrip opened at Rs. 474.95 and has touched a high and low of Rs. 489.95 and Rs. 463.00 respectively. So far 4419 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 569.70 on 22-Jun-2017 and a 52 week low of Rs. 150.00 on 12-Aug-2016.
Last one week high and low of the scrip stood at Rs. 491.50 and Rs. 405.00 respectively. The current market cap of the company is Rs. 743.39 crore.
The promoters holding in the company stood at 41.23%, while Institutions and Non-Institutions held 8.30% and 50.48% respectively.
Visaka Industries is reportedly planning to take up Rs 100 crore expansion project to set up a new manufacturing unit for V-boards at Jhajjar district in Haryana. The company’s board has approved the move to set up a new facility which will enhance the capacity by 50,000 mt.
The project, expected to be completed in nine months, will be funded via internal accruals. The company expects to commence production by March 2018.
Visaka Industries is engaged in the manufacture of fibre cement sheets.The company also manufactures Accessories like Close Fitting Adjustable Ridges,North Light Ridges,North Light Curve,Roof Lights,Apron piece,Barge Boards,Serrated Adjustable Ridges,Close Fitting Adjustable Ridges,etc.
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Ambuja Cement | 619.70 |
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