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Valiant Communications zooms on receiving orders of Rs 15 crore from Tejas Networks

31 Mar 2022 Evaluate

Valiant Communications is currently trading at Rs. 72.00, up by 3.40 points or 4.96% from its previous closing of Rs. 68.60 on the BSE.

The scrip opened at Rs. 70.55 and has touched a high and low of Rs. 72.00 and Rs. 69.50 respectively. So far 13795 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 119.00 on 29-Sep-2021 and a 52 week low of Rs. 43.35 on 06-Jan-2022.

Last one week high and low of the scrip stood at Rs. 72.00 and Rs. 66.00 respectively. The current market cap of the company is Rs. 52.01 crore.

The promoters holding in the company stood at 46.38%, while Institutions and Non-Institutions held 0.00% and 53.62% respectively.

Valiant Communications has received orders for supply commissioning of its Communication, Protection and Automatic Ethernet Failover solutions from Tejas Networks, a Tata Group company. The total value of the orders exceeds Rs 15 crore for the State Electricity Boards of India of Karnataka, Telangana and Punjab.

Valiant Communications is an equipment manufacturer of telecom transmission equipment and solutions with installations in over 90 countries, worldwide. Valiant's technological strengths span a wide section of the telecom transmission area including Protection Switching solutions.

Peers
Company Name CMP
Black Box 800.80
ITI 262.70
Tejas Networks 553.20
Quadrant Televenture 0.67
Valiant Communicatns 1323.50
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