iifl-logo-icon 1
iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Visaka Industries to close AC unit at Patancheru, Telangana; Stock under pressure

16 Sep 2022 , 01:09 PM

As a part of strategic business plan, Visaka Industries Ltd has announced the closure of manufacturing activities of AC unit situated at Patancheru at Sy No. 315, Yelumala (V), Hyderabad, Telangana with immediate effect.

The unit had contributed Rs66.84 core (4.8% of the Total Turnover of the Company) turnover in 2021-22.

In a regulatory filing, the company said on Thursday, “Due to changing market dynamics over the years, the Company has reoriented itself to address the high potential markets.”

On Friday, at around 1:09 PM, Visaka Industries Ltd is currently trading at Rs624.10 per share down by Rs1.35 or 0.22% from its previous closing of Rs625.45 per share on the BSE.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • brand
  • business
  • business progress
  • commencement
  • market
  • news
  • patent
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Most Read News

Sensex and Nifty Close Lower on October 11, 2024

Sensex and Nifty Close Lower on October 11, 2024

Whatsapp
Facebook
Twitter
LinkedIn
11 Oct 2024|04:40 PM
Mazagon Dock Secures ₹121.68 Crore AI Project from MAHAGENCO

Mazagon Dock Secures ₹121.68 Crore AI Project from MAHAGENCO

Whatsapp
Facebook
Twitter
LinkedIn
11 Oct 2024|03:25 PM
Ahluwalia Contracts Secures ₹1,095 Crore Project from DLF City Centre

Ahluwalia Contracts Secures ₹1,095 Crore Project from DLF City Centre

Whatsapp
Facebook
Twitter
LinkedIn
11 Oct 2024|03:17 PM
Noel Tata Takes Helm of Tata Trusts, Trent Shares Surge

Noel Tata Takes Helm of Tata Trusts, Trent Shares Surge

Whatsapp
Facebook
Twitter
LinkedIn
11 Oct 2024|03:16 PM
Sansera Engineering launches QIP worth ₹1,200 Crore

Sansera Engineering launches QIP worth ₹1,200 Crore

Whatsapp
Facebook
Twitter
LinkedIn
11 Oct 2024|02:50 PM
Read More
Market
Derivatives
IPO
Mutual Funds
Calculators
Nifty 50
Company
Loans
Knowledge Center
News
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

About
IIFL Group
Products & Services
Trading Documentation
Useful Links

ATTENTION INVESTORS

  • Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020
  • Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.
  • Pay 20% upfront margin of the transaction value to trade in cash market segment.
  • Investors may please refer to the Exchange’s Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.
  • Check your Securities / MF / Bonds in the consolidated account statement issued by NSDL/CDSL every month.
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day.” – Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account.

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp