Vikas Ecotech zooms on bagging orders worth Rs 9 crore for specialty polymer compounds division
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Vikas EcoTech is currently trading at Rs. 3.54, up by 0.17 points or 5.04% from its previous closing of Rs. 3.37 on the BSE.
The scrip opened at Rs. 3.43 and has touched a high and low of Rs. 3.56 and Rs. 3.43 respectively. So far 1965168 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 4.15 on 30-Jun-2022 and a 52 week low of Rs. 2.38 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 3.81 and Rs. 2.96 respectively. The current market cap of the company is Rs. 337.28 crore.
The promoters holding in the company stood at 9.33%, while Institutions and Non-Institutions held 0.03% and 90.64% respectively.
Vikas Ecotech has bagged fresh orders worth Rs 9 crore for its Specialty Polymer Compounds Division. The specialty compounds sales registered so far during Q1 of the current fiscal is Rs 19.7 crore and the target for the current quarter is Rs 28.5 crore wiz about 9% higher while compared on quarter-on-quarter Basis with the last F.Y.
The company has taken a unique initiative inducting Personalised & Localised Technical Services Teams for the specific geographical regions with dense concentration of consumers / customers of the Niche, High Quality Materials developed indigenously by The Company, starting with Northern Indian Region, where most of the sales of the Specialty Compounds and Speciality Chemicals Business Divisions originate for the company.
Vikas Ecotech is engaged in the business of Speciality Polymers & Specialty Additives and Chemicals for Plastics & Rubbers industries, catering to a wide horizon of applications in Agriculture, Infrastructure, packaging, electrical, footwear, pharmaceuticals, automotive, medical devices and components and other consumer goods.
