Vikas EcoTech is currently trading at its upper circuit limit of Rs. 4.94, up by 0.23 points or 4.88% from its previous closing of Rs. 4.71 on the BSE.
The scrip opened at Rs. 4.94 and has touched a high and low of Rs. 4.94 and Rs. 4.94 respectively. So far 1502456 shares were traded on the counter.
Vikas EcoTech The BSE group ‘B’ stock of face value Rs. 1 has touched a 52 week high of Rs. 4.94 on 18-Jan-2022 and a 52 week low of Rs. 1.01 on 20-Apr-2021.
Last one week high and low of the scrip stood at Rs. 4.94 and Rs. 4.00 respectively. The current market cap of the company is Rs. 470.67 crore.
The promoters holding in the company stood at 15.60%, while Institutions and Non-Institutions held 3.32% and 81.09% respectively.
Vikas Ecotech is planning to invest in the environment friendly Bio Plastics (PHA) technology and in advance stage of finalising a Technology Tie-Up/Joint Venture with Aurapha Private to produce Biodegradable Plastics. Initially a pilot plant for producing Biodegradable plastics shall be set-up which will eventually, with further investments, scaled up in various well-organized phases.
In addition, in order to push the company’s keen interest in developing a variety of Bio Degradable materials to replace conventional plastics for different application areas, Vikas Ecotech is actively exploring various proposals for acquisition of necessary the technology to produce PBAT (Polybutylene adipate terephthalate), specifically to manufacture environment friendly carry bags, which are presently made of conventional plastic materials and are cause of severe environmental concerns across the world.
Vikas Ecotech is a New Delhi based company engaged in the business of Speciality Polymers & Specialty Additives and Chemicals for Plastics & Rubbers industries, catering to a wide horizon of applications in Agriculture, Infrastructure, packaging, electrical, footwear, pharmaceuticals, automotive, medical devices and components and other consumer goods.