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Viaan Industries surges on partnering with Avalance Tech

19 Jun 2019 Evaluate

Viaan Industries is currently trading at Rs. 6.30, up by 0.12 points or 1.94% from its previous closing of Rs. 6.18 on the BSE.

The scrip opened at Rs. 6.48 and has touched a high and low of Rs. 6.48 and Rs. 5.88 respectively. So far 13006 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 1 has touched a 52 week high of Rs. 22.50 on 19-Jun-2018 and a 52 week low of Rs. 5.20 on 22-Feb-2019.

Last one week high and low of the scrip stood at Rs. 6.81 and Rs. 5.88 respectively. The current market cap of the company is Rs. 69.04 crore.

The promoters holding in the company stood at 50.34%, while Non-Institutions held 49.66% stake in the company.

Viaan Industries has partnered with Avalance Tech, a Mumbai based premier cyber security firm. This partnership will further scale Avalance’s work in the field of anti-piracy and data security.

Avalance provides cyber security, anti-piracy, anti-counterfeiting to 50 plus organizations that include some of the Largest Banks, Fortune 500 organizations, Government Organizations, Law Enforcement Organizations, and Production Houses.

Viaan Industries is an emerging player in the Wellness, Entertainment and Licensing Technology sectors. Headquartered in Mumbai, with offices in Dubai (UAE), the company has a wide global and domestic presence. The company, through its promoters is well established in the Media and Entertainment sector and has extensive domestic and international celebrity linkages critical to the success of its business verticals. 

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