Vikas EcoTech is currently trading at Rs. 11.00, up by 0.05 points or 0.46% from its previous closing of Rs. 10.95 on the BSE.
The scrip opened at Rs. 11.34 and has touched a high and low of Rs. 11.34 and Rs. 10.41 respectively. So far 885627 shares were traded on the counter.
The BSE group 'T ' stock of face value Rs. 1 has touched a 52 week high of Rs. 11.59 on 18-Aug-2020 and a 52 week low of Rs. 0.96 on 07-Apr-2020.
Last one week high and low of the scrip stood at Rs. 11.56 and Rs. 9.60 respectively. The current market cap of the company is Rs. 306.21 crore.
The promoters holding in the company stood at 32.51%, while Institutions and Non-Institutions held 9.03% and 58.46% respectively.
Vikas Ecotech’s board has approved the report on opportunities available for the company in pharmaceuticals, API and chemical industry, prepared by the Expert Committee constituted by the Board of Directors of the company for business expansion to evaluate the identified business proposal. Also, the company has decided to invest up to Rs 75 crore in the next two years, in new ventures or strategic partnerships for steering growth by both organic and inorganic means.
Vikas Ecotech is an emerging player in the global arena of high-end specialty chemicals. An integrated, multi-specialty product solutions company, it produces a wide variety of superior quality, eco-friendly additives and rubber-plastic compounds.