Vama Industries touches roof on looking to expand in IoT business with help of 5G Technology
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Vama Industries is currently trading at its upper curcuit limit of Rs. 12.87, up by 0.61 points or 4.98% from its previous closing of Rs. 12.26 on the BSE.
The scrip opened at Rs. 12.70 and has touched a high and low of Rs. 12.87 and Rs. 11.65 respectively. So far 419036 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 13.09 on 03-Jan-2022 and a 52 week low of Rs. 5.90 on 17-Mar-2021.
Last one week high and low of the scrip stood at Rs. 12.87 and Rs. 10.65 respectively. The current market cap of the company is Rs. 65.10 crore.
The promoters holding in the company stood at 42.94%, while Non-Institutions held 57.06% stake in the company.
Vama Industries is looking to expand in IoT (Internet of things) business with the help of 5G Technology, which has Low Latency and (M2M) Machine to Machine Communication, being much faster and is almost real time like human action in the company’s view.
The end-to-end projects in IoT (Internet of things) Business is divided as 40% hardware datacenter, 20% Sensor & Edge gateway Integration and 40% software. Vama is having experience in Data centers simultaneously working in Sensors, Edge gateway and applications.
This IoT (Internet of things) Business has high growth potential in Software and Hardware System Integration. Vama wants to explore this business in collaboration with overseas technology partners.
