Friday , November 15 2019
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Veto Switchgears soars on acquiring land with factory premises from Krisha Buildtech LLP

Veto Switchgears & Cables is currently trading at Rs. 48.55, up by 2.05 points or 4.41% from its previous closing of Rs. 46.50 on the BSE.

The scrip opened at Rs. 47.65 and has touched a high and low of Rs. 52.00 and Rs. 45.75 respectively. So far 15689 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 105.25 on 24-Oct-2018 and a 52 week low of Rs. 44.10 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 52.00 and Rs. 45.75 respectively. The current market cap of the company is Rs. 90.03 crore.

The promoters holding in the company stood at 54.22%, while Institutions and Non-Institutions held 1.47% and 44.31% respectively.

Veto Switchgears and Cables has purchased land admeasuring 1,605 sq. m. with factory premises from Krisha Buildtech LLP located at Ganesh Industrial Estate, Vasai, Mumbai in the state of Maharashtra for increasing and expanding its ongoing LED Lightning business through its 100% wholly-owned subsidiary.

Veto Switchgears and Cables, formerly Veto Switchgears and Cables, is engaged in the manufacture and sale of wires and cables and electrical accessories in India.