Vama Industries gains 1.7% after order win

India Infoline News Service | Mumbai | December 02, 2016 15:12 IST

Vama Industries has bagged an order from ISRO for supply, installation and commissioning of Hierachical Storage Management (HSM) systems and servers for central archival facility solution on turnkey basis.

Businessman showing growing charts
Vama Industries Ltd is currently trading at Rs 18.05, up by Rs 0.35 or 1.98% from its previous closing of Rs 17.7 on the BSE.

The company has bagged an order from Indian Space Research Organization (ISRO) for supply, installation and commissioning of Hierachical storage Management (HSM) systems and servers for central archival facility solution on turnkey basis for Rs 3.53 crore on company and $ 2.83 million (Equivalent to in Rs 19.27 crore conversion exchange rate considered current market rate) on Vama Technologies Pte, Singapore a wholly owned subsidiary of the company.

The scrip opened at Rs 19.75 and has touched a high and low of Rs 19.75 and Rs 17.95 respectively. So far 213379 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 93 crore.

The BSE group 'XD' stock of face value Rs 2 has touched a 52 week high of Rs 17.95 on 01-Dec-2016 and a 52 week low of Rs 3.2 on 16-Mar-2016. Last one week high and low of the scrip stood at Rs 17.95 and Rs 14.6 respectively.

The promoters holding in the company stood at 42.94 % while Institutions and Non-Institutions held 0 % and 57.06 % respectively.

The stock is currently trading above its 50 DMA.
 

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