Vikram Thermo rises on getting nod to expand capacity of Diphenyl Oxide at Unit 2

13 Aug 2019

Vikram Thermo (India) is currently trading at Rs. 82.20, up by 1.15 points or 1.42% from its previous closing of Rs. 81.05 on the BSE.

The scrip opened at Rs. 81.05 and has touched a high and low of Rs. 84.85 and Rs. 81.05 respectively. So far 1063 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 103.70 on 28-Jun-2019 and a 52 week low of Rs. 54.35 on 14-Feb-2019.

Last one week high and low of the scrip stood at Rs. 85.00 and Rs. 77.00 respectively. The current market cap of the company is Rs. 53.21 crore.

The promoters holding in the company stood at 65.40%, while Non-Institutions 34.59% stake in the company.

Vikram Thermo’s board (India) has approved the capacity expansion of Diphenyl Oxide at Unit 2 and the plant for additional product portfolio at Unit 1 of the company, which is likely to be commissioned by the end of the current fiscal and the benefits of the same will be reflected in the company's performance in fiscal 2020-21. 

The Board of directors of the company at its meeting held on August 13, 2019 has approved for the same.

Vikram Thermo (India) is engaged in the production of 'V-Therm HT' which is a mixture of Diphenyl and Diphenyl Oxide. The products manufactured by the company includes: Methacrylic Acid Copolymer, Aqueous Acrylic Resin Dispersion and Methacrylic Acid Copolymer.  

Related Vikram Thermo (India) Ltd. Links:

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