Vikas EcoTech is currently trading at Rs. 45.30, up by 1.25 points or 2.84% from its previous closing of Rs. 44.05 on the BSE.
The scrip opened at Rs. 44.65 and has touched a high and low of Rs. 46.20 and Rs. 44.25 respectively. So far 951869 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 48.50 on 04-Jan-2018 and a 52 week low of Rs. 15.85 on 16-Jan-2017.
Last one week high and low of the scrip stood at Rs. 48.50 and Rs. 35.40 respectively. The current market cap of the company is Rs. 1270.74 crore.
The promoters holding in the company stood at 39.53%, while institutions and non-institutions held 0.60% and 59.87% respectively.
Vikas Ecotech has marked its foray into the heat stabilizer segment for flexible PVC applications with the introduction of nontoxic and eco-friendly Calcium-Zinc (CaZn) heat stabilizers. These additives are primarily used in the manufacture of flexible PVC applications such as cables, soft hoses, toys, healthcare products etc. This range of products has a high potential in view of the Indian PVC industry steadily phasing out toxic-metal based stabilizers such as lead. This will be the second green stabilizer offering from the Vikas Ecotech stable. This product will complement the existing offerings and open another business avenue for the company.
The trial production of CaZn stabilizers had begun in December 2017 while the commercial production will commence in February 2018. The company has installed this manufacturing unit at its primary manufacturing facility in Shahjahanpur, Rajasthan with a capex of Rs 10 crore. This facility has a potential to generate Rs 60-70 crore of revenue at full capacity.
Vikas Ecotech is an emerging player in the global arena of high-end specialty chemicals. An integrated, multi-specialty product solutions company, it produces a wide variety of superior quality, eco-friendly additives and rubber-plastic compounds.
