Vikas Proppant & Granite is currently trading at its upper limit of Rs. 2.41, up by 0.04 points or 1.69% from its previous closing of Rs. 2.37 on the BSE.
The scrip opened at Rs. 2.41 and has touched a high and low of Rs. 2.41 and Rs. 2.41 respectively.
The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 2.41 on 26-Nov-2018 and a 52 week low of Rs. 0.50 on 19-Dec-2017.
Last one week high and low of the scrip stood at Rs. 2.41 and Rs. 2.25 respectively. The current market cap of the company is Rs. 43.66 crore.
The promoters holding in the company stood at 6.35%, while Non-Institutions held 93.65% stake in the company.
Vikas Proppant & Granite has received an export order of 75500 tons 40mesh proppant worth Rs 448.47 crore from TATNEFT, Russian Company, which is sixth largest oil and gas drilling company having its operations worldwide. Proppants would be shipped for their operations in Libya and Algeria.
Besides, the Management has converted the business of the company and entered into a new niche market of Proppants manufacturing which ONGC and other oil and gas drillers are importing currently. The company has planned to manufacture Proppants and mining of granite and fractured debris near Jodhpur.
Vikas Proppant & Granite (Formerly known as Vikas Granaries) is an India-based company, which is engaged in manufacturing and grading of guar gum powder and grading of guar splits and its derivatives.
