Visaka Industries begins commercial production at new panel unit in Tamil Nadu; Stock soars near 4%

20 Jul 2022 , 02:10 PM

Visaka Industries Limited stocks rally during the Wednesday’s market session after the announcement of commencement of commercial production by the company.

As per the regulatory filing, the company informed that it has started its commercial production at its new panel unit (Panels Division – III) situated at Udumalpet Village, Tirpur Dist., Tamilnadu, with an installed capacity of 10,000 MT per annum effective from July 20, 2022.

On Wednesday at around 2:08 PM, Visaka Industries was trading at Rs511 per share up by Rs18.65 or 3.79% from its previous closing of Rs492.35 per share on the BSE.

The scrip opened at Rs497.85 and has touched a high and low of Rs514.10 and Rs497.85 respectively so far today. The current market cap of the company is Rs850.83 crore.