Visaka Industries zooms on starting commercial production at new panel unit in Tamilnadu
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Visaka Industries is currently trading at Rs. 511.00, up by 18.65 points or 3.79% from its previous closing of Rs. 492.35 on the BSE.
The scrip opened at Rs. 497.85 and has touched a high and low of Rs. 514.10 and Rs. 497.85 respectively.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 873.55 on 02-Aug-2021 and a 52 week low of Rs. 434.90 on 21-Jun-2022.
Last one week high and low of the scrip stood at Rs. 576.00 and Rs. 475.25 respectively. The current market cap of the company is Rs. 883.06 crore.
The promoters holding in the company stood at 48.36%, while Institutions and Non-Institutions held 4.54% and 47.09% respectively.
Visaka Industries has commenced its commercial production at Company's new panel unit (Panels Division - III) situated at Udumalpet Village, Tirpur Dist., Tamilnadu, with an installed capacity of 10,000 MT per annum. The company has commenced commercial production at new panel unit effective from July 20, 2022.
Founded in 1983, Visaka Industries has multiple product portfolios ranging from corrugated cement sheets, fibre cement boards, hybrid solar roofs and manmade yarn.
