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Visaka Industries shines on commencing commercial production at its Pune unit

09 Oct 2013 Evaluate

Visaka Industries is currently trading at Rs. 79.85, up by 0.35 points or 0.44% from its previous closing of Rs. 79.50 on the BSE.

The scrip opened at Rs. 80.65 and has touched a high and low of Rs. 80.65 and Rs. 78.90 respectively. So far 1091 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 142.70 on 28-Dec-2012 and a 52 week low of Rs. 66.20 on 07-Aug-2013.

Last one week high and low of the scrip stood at Rs. 80.65 and Rs. 75.50 respectively. The current market cap of the company is Rs. 126.81 crore.

The promoters holding in the company stood at 37.65% while Institutions and Non-Institutions held 3.57% and 58.78% respectively.

Visaka Industries has commenced commercial production at its new unit at Pune in Maharashtra with effect from October 07, 2013. The unit has been set up to manufacture Fibre Cement Flat Boards with annual capacity of 72000 tonnes.

Visaka Industries is engaged into the manufacturing of Asbestos fibre cement sheets (ACS), non-asbestos boards & panels and man-made fibre yarns. It is the second largest player in the manufacturing of asbestos cement sheets in India with installed capacity of 752,000 Metric Tonnes Per Annum (MTPA).

Peers
Company Name CMP
Ultratech Cement 10693.85
Ambuja Cements 356.50
ACC 1166.25
Shree Cement 21738.30
Dalmia Bharat 1639.95
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