Visaka Industries gains on commencing commercial production at V-Boards Unit

11 Mar 2019

Visaka Industries is currently trading at Rs. 401.00, up by 7.25 points or 1.84% from its previous closing of Rs. 393.75 on the BSE.

The scrip opened at Rs. 400.00 and has touched a high and low of Rs. 401.30 and Rs. 399.50 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 810.95 on 02-May-2018 and a 52 week low of Rs. 326.45 on 19-Feb-2019.

Last one week high and low of the scrip stood at Rs. 427.00 and Rs. 383.05 respectively. The current market cap of the company is Rs. 634.44 crore.

The promoters holding in the company stood at 41.56%, while Institutions and Non-Institutions held 3.47% and 54.97% respectively.

Visaka Industries has commissioned V-Boards Unit at Jhanswa village in the state of Haryana with an installed annual capacity of 50,000 MTS and is starting commercial production from March 11, 2019.

The company expects the plant would reach 50% capacity utilisation within one month and reach its full capacity progressively in the next few months thereby making up for the delay to a larger extent.

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.

Related Visaka Industries Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323