Vama Industries gets order worth Rs 46.16 crore from ISRO

India Infoline News Service | Mumbai | January 11, 2017 17:24 IST

The company has received an order from Indian Space Research Organization (ISRO) for implementation of “Bhuvan Scale-Up Infrastructure Site Setup" at NRSC, Hyderabad on turnkey basis.

Stock Exchange
Vama Industries Ltd has informed BSE that the company has received an order from the Indian Space Research Organization (ISRO) for implementation of “Bhuvan Scale-Up Infrastructure Site Setup" at NRSC, Hyderabad on turnkey basis aggregating to Rs 46.16 crore as detailed hereunder:
  • For Rs 42.48 crore (USD 62,48,051) in the name of Vama Technologies Pte. Ltd Singapore, a wholly owned subsidiary of the Company and for Rs 3.67 crore in the name of Company (i.e., Vama Industries Limited).
Stock Commentary:

Vama Industries Ltd ended at Rs 24.1, up by Rs 0.1 or 0.42% from its previous closing of Rs 24 on the BSE.

The scrip opened at Rs 24.3 and touched a high and low of Rs 25.7 and Rs 23.05 respectively. A total of 370993 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 126.1 crore.

The BSE group 'XD' stock of face value Rs 2 touched a 52 week high of Rs 24.2 on 10-Jan-2017 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 24.2 and Rs 20.85 respectively.

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

The stock traded above its 50 DMA.
 

Advertisements

  • FREE Demat A/c + Rs.2000 Cashback ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.