Vikas EcoTech is currently trading at Rs. 14.50, up by 1.75 points or 13.73% from its previous closing of Rs. 12.75 on the BSE.
The scrip opened at Rs. 13.20 and has touched a high and low of Rs. 14.70 and Rs. 13.10 respectively. So far 161664 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. 12.30 on 25-Oct-2018.
Last one week high and low of the scrip stood at Rs. 14.70 and Rs. 12.30 respectively. The current market cap of the company is Rs. 408.65 crore.
The promoters holding in the company stood at 40.07%, while Institutions and Non-Institutions held 3.94% and 55.99% respectively.
Vikas Ecotech has received the ‘Authorized Economic Operator’ (AEO-T1) certificate from the Central Board of Indirect Taxes& Customs (CBIC), Ministry of Finance, Government of India. The AEO-T1 certification for the company is valid upto October, 2021.
The AEO certification is granted after a thorough check of a company’s general compliance, legal compliance, management of commercial and transport records, financial solvency and safety by the AEO Team of the CBIC. This AEO-T1 certification enables the company to be known as one of India’s top-class exporters and shall be accorded a high level of facilitation in imports and export of all consignments, thereby ensuring shorter cargo release times. Another benefit of the AEO-T1 certificate is that company’s quantum of any required Bank Guarantee would be 50% of what would be needed to be furnished by a non-AEO Certificate Holder importer or exporter.
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.
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