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Visaka Industries gains on starting commercial production at new VBoards unit in West Bengal

07 Dec 2023 Evaluate

Visaka Industries is currently trading at Rs. 89.50, up by 0.77 points or 0.87% from its previous closing of Rs. 88.73 on the BSE.

The scrip opened at Rs. 88.73 and has touched a high and low of Rs. 90.00 and Rs. 87.85 respectively. So far 18452 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 100.00 on 22-Jun-2023 and a 52 week low of Rs. 64.88 on 29-Mar-2023.

Last one week high and low of the scrip stood at Rs. 93.30 and Rs. 86.19 respectively. The current market cap of the company is Rs. 768.74 crore.

The promoters holding in the company stood at 48.42%, while Institutions and Non-Institutions held 0.83% and 50.75% respectively.

Visaka Industries has commenced commercial production at its new VBoards unit at Midnapur, West Bengal.  Earlier, the company had received approval for expansion of VBoards division at Midnapur district West Bengal by setting up a new unit with a capacity of 72000 TPA. 

Visaka Industries has multiple product portfolios ranging from corrugated cement sheets, fibre cement boards, hybrid solar roofs and manmade yarn.

Peers
Company Name CMP
Ultratech Cement 10996.00
Ambuja Cements 391.00
ACC 1246.15
Shree Cement 22588.80
Dalmia Bharat 1749.20
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