Vikas Ecotech gains after bagging an order from Mexichem

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.

May 08, 2017 07:05 IST India Infoline News Service

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.
 

Stock View:
 
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.

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