01-01-1970 12:00 AM | Source: Accord Fintech
Visaka Industries jumps on entering into multiple new business segments
News By Tags | #223 #572 #2856

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Visaka Industries is currently trading at Rs. 701.00, up by 26.95 points or 4.00% from its previous closing of Rs. 674.05 on the BSE.

The scrip opened at Rs. 700.00 and has touched a high and low of Rs. 716.60 and Rs. 690.10 respectively. So far 9740 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 716.60 on 27-May-2021 and a 52 week low of Rs. 161.65 on 27-May-2020.

Last one week high and low of the scrip stood at Rs. 716.60 and Rs. 649.55 respectively. The current market cap of the company is Rs. 1141.31 crore.

The promoters holding in the company stood at 45.85%, while Institutions and Non-Institutions held 2.87% and 51.28% respectively.

Visaka Industries has entered into multiple new business segments which complement their existing businesses. These new segments will support their existing businesses by extending customer touchpoints and help in offering a holistic value proposition. ATUMLife is Visaka's chain of retail stores which will offer fully sustainable, eco-friendly, green products. A one-stop-shop for sustainable products, ATUM Life will deal with Vnext sustainable building material, ATUMsolar roof, eco-friendly apparel made with sustainable yarn, organic detergents, sustainable consumables, electric vehicles and reusable kitchenware and cutlery.

The company has plans to open 10 ATUMLife stores in major metros across India. Atum Life will store, sell and promote all products sustainable, making sustainable living accessible for everyone. ATUMCharge is a self-sustaining solar powered Electric Vehicle charging station which will be set up across India, and elsewhere in the world, to support the movement to promote the use of electric vehicles.

Founded in 1983, Visaka Industries has multiple product portfolios ranging from corrugated cement sheets, fibre cement boards, hybrid solar roofs and manmade yarn.