V-Guard Industries soars after its arm starts commercial production of Kitchen Appliances
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V-Guard Industries is currently trading at Rs. 343.90, up by 1.55 points or 0.45% from its previous closing of Rs. 342.35 on the BSE.
The scrip opened at Rs. 345.85 and has touched a high and low of Rs. 345.85 and Rs. 332.05 respectively. So far 27538 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 350.00 on 04-Mar-2024 and a 52 week low of Rs. 238.15 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 350.00 and Rs. 321.50 respectively. The current market cap of the company is Rs. 14886.86 crore.
The promoters holding in the company stood at 54.57%, while Institutions and Non-Institutions held 33.47% and 11.97% respectively.
V-Guard Industries’ wholly owned subsidiary -- V-Guard Consumer Products (VCPL) has started commercial production of Kitchen Appliances (Mixer Grinder & Gas Stove) at its state of art manufacturing facility set up in Vapi, Gujarat on March 06, 2024. The actual investment incurred for the project is around Rs 20 crore which was funded through internal accruals and the manufacturing facility has installed capacity of 7 Lakh units per annum for Mixer Grinder and 3.60 Lakh units Per Annum for Gas Stove.
V-Guard Industries manufactures a range of products namely voltage stabilizers, pumps, electric water heaters, solar water heaters, cables, UPS, ceiling fans, etc.
