V-Guard Industries is currently trading at Rs. 179.85, up by 0.20 points or 0.11% from its previous closing of Rs. 179.65 on the BSE.
The scrip opened at Rs. 179.25 and has touched a high and low of Rs. 181.20 and Rs. 177.25 respectively. So far 27,430 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 220.75 on 16-May-2017 and a 52 week low of Rs. 109.24 on 28-Dec-2016.
Last one week high and low of the scrip stood at Rs. 182.45 and Rs. 174.20 respectively. The current market cap of the company is Rs. 7,637.00 crore.
The promoters holding in the company stood at 65.17%, while Institutions and Non-Institutions held 21.79% and 13.05% respectively.
Consumer electrical and electronics manufacturer -- V-Guard Industries -- is reportedly planning to exit from its non-core business-to-business (B2B) segment to focus on its core module- the business-to-consumer (B2C) segment.
As part of an ongoing strategy, the company recently exited from the industrial UPS business. Currently, it is also into the business of making industrial cables- an area from which the company will be making an exit within one or two quarters.
Moreover, the company is launching a gas cook-top in Kerala during Onam, which is in the beginning of September, this year. It would also be looking forward to expanding its product offerings in the kitchen appliances and switch gear segment.
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