Friday , November 22 2019
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Vikas WSP surges on bagging export order worth $30 million

Vikas WSP is currently trading at Rs. 10.79, up by 0.06 points or 0.56% from its previous closing of Rs. 10.73 on the BSE.

The scrip opened at Rs. 11.00 and has touched a high and low of Rs. 11.20 and Rs. 10.40 respectively. So far 43065 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 1 has touched a 52 week high of Rs. 25.80 on 07-May-2019 and a 52 week low of Rs. 8.62 on 10-Dec-2018.

Last one week high and low of the scrip stood at Rs. 11.20 and Rs. 9.80 respectively. The current market cap of the company is Rs. 215.27 crore.

The promoters holding in the company stood at 14.92%, while Institutions and Non-Institutions held 0.42% and 84.66% respectively.

Vikas WSP has received an export order backed by Letter of Credit (LoC) for $30 million (Rs 210 crore) for the export of guar gum powder to be used in oil fields in the Middle East. The export order received by the company is consisting of the stable viscosity for 18 months yielding viscosity over 45 cps and this is first order of its kind developed by the R&D of the company.

Vikas WSP is one of India’s foremost guar gum powder (GGP) manufacturer, supplying to all sectors of the food industry with an extensive range of quality products.