Vikas Ecotech Limited
, a leading specialty chemicals company on Monday announced that it has won a prestigious commercial order for Organotin stabilizers from Mexichem, a worldwide leader in PVC compounds & PVC piping systems, as per BSE filing.
The Organotin stabilizers supplied by the company will be used in the manufacturing of food-grade PVC Compounds, as per BSE filing.
The stock of the company is trading at Rs 25.15 up by 4.14% at 12:37 PM IST on the BSE. It also hit a new 52-week high value of Rs 25.45.
Meanwhile, the BSE Sensex is trading at 29,928.99 up by 0.24%.
Vikas Ecotech Limited is engaged in the business of manufacturing and distribution of specialty polymers compounds and additives. The company's principal products include thermoplastic rubber compounds.
Vikas Ecotech Ltd is currently trading at Rs 25.1, up by Rs 0.95 or 3.93% from its previous closing of Rs 24.15 on the BSE.
The scrip opened at Rs 24.5 and has touched a high and low of Rs 25.45 and Rs 24.5 respectively. So far 5160902(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 737.93 crore.
The BSE group 'B' stock of face value Rs 1 has touched a 52 week high of Rs 25.35 on 05-May-2017 and a 52 week low of Rs 10.85 on 01-Jun-2016. Last one week high and low of the scrip stood at Rs 25.35 and Rs 20.1 respectively.
The promoters holding in the company stood at 39.52 % while Institutions and Non-Institutions held 0.33 % and 60.14 % respectively.
The stock is currently trading above its 50 DMA.