Vivanta Industries jumps on bagging orders worth $5 million

Vivanta Industries is currently trading at Rs. 4.02, up by 0.19 points or 4.96% from its previous closing of Rs. 3.83 on the BSE.

The scrip opened at Rs. 4.02 and has touched a high and low of Rs. 4.02 and Rs. 3.85 respectively. So far 815254 shares were traded on the counter.

The BSE group ‘X’ stock of face value Rs. 1 has touched a 52 week high of Rs. 4.03 on 13-Apr-2023 and a 52 week low of Rs. 1.22 on 05-Jul-2022.

Last one week high and low of the scrip stood at Rs. 4.03 and Rs. 3.36 respectively. The current market cap of the company is Rs. 39.10 crore.

The promoters holding in the company stood at 58.77%, while Non-Institutions held 41.23% stake in the company.

Vivanta Industries has received work orders worth $5 million from Electric Vehicle Organizational Centre North America Corporation (EVOCNA) for Establishment of the Electrical Vehicle Partnership, a partnership for accelerating development and commercialization of Electric Vehicle technologies, which include vehicle-to-grid, Vehicle-to-building, and vehicle-to-load capabilities, by validating the technologies and demonstrating the commercial viability of such technologies. The plant will be established in 18-24 months & the software will be established in 6-12 months from the date of Receipt of Order. The company is expecting to reach sales worth around $10 million and above after establishing the project.

Vivanta Industries engages in the business of Other Professional, Scientific And Technical Activities.

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