Visaka Industries is currently trading at Rs. 608.00, up by 16.10 points or 2.72% from its previous closing of Rs. 591.90 on the BSE.
The scrip opened at Rs. 599.70 and has touched a high and low of Rs. 630.00 and Rs. 597.50 respectively. So far 25052 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 839.90 on 15-Jan-2018 and a 52 week low of Rs. 405.00 on 11-Aug-2017.
Last one week high and low of the scrip stood at Rs. 630.00 and Rs. 570.35 respectively. The current market cap of the company is Rs. 975.41 crore.
The promoters holding in the company stood at 41.29%, while Institutions and Non-Institutions held 5.87% and 52.84% respectively.
Visaka Industries has received an approval for setting-up a V-Panels unit in Jhanswa (V), Jhajjar District in Haryana to meet the demands of growing market. The Board of Directors of the company at their meeting held on August 2, 2018, approved the same.
Proposed capacity addition (Per annum) is 10,080 MT/PA and the period within which the proposed capacity is to be added is 8 months. Investment required is Rs 1250 lakh.
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.
