Vedavaag Systems is currently trading at Rs. 30.40, up by 2.05 points or 7.23% from its previous closing of Rs. 28.35 on the BSE.
The scrip opened at Rs. 28.45 and has touched a high and low of Rs. 30.40 and Rs. 28.45 respectively.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 34.90 on 30-Oct-2019 and a 52 week low of Rs. 12.60 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 30.85 and Rs. 27.75 respectively. The current market cap of the company is Rs. 64.99 crore.
The promoters holding in the company stood at 35.98%, while Non-Institutions held 64.02% stake in the company.
Vedavaag Systems has received a work order for supply, installation and maintenance (for five years) of 1 lakh IOT devices that will be fitted in the public transport (three-wheelers) in the state of Andhra Pradesh. The estimated order value is around Rs 92 crore. This is the pilot phase of ABHAYA Project, Government of Andhra Pradesh as part of the NIRBHAYA Project, an initiative of Government of India.
Vedavaag Systems is a niche player of e-governance solutions and citizen services infrastructure management. The company offers E-Governance Solutions, Knowledge Center Solutions, Citizen Service Delivery, New Services e-Integration.
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