You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Vikas WSP spurts after receiving order

Capital Market 

rose 4.46% to Rs 16.46 at 12:00 on after the company said that it received an order of Rs 5.86 crore 480U from MNC customers globally.

The announcement was made after market hours yesterday, 2 January 2018.

Meanwhile, the Sensex was up 91.90 points, or 0.27%, to 33,904.16. The Small-Cap index was up 212.12 points, or 1.11%, to 19,370.36, outperforming the Sensex.

On the BSE, 4.25 lakh shares were traded in the counter so far, compared with an average volume of 3.21 lakh shares in the past two weeks. The stock of small-cap company had hit a high of Rs 16.48 and a low of Rs 16 so far during the day. The stock had hit a 52-week high of Rs 17 on 11 November 2017. The stock had hit a 52-week low of Rs 6.20 on 15 February 2017.

said that the management is doing all its endeavors to develop new products for catering into varied applications. The company said that it may take some more time to bring the operations back on track.

The company has received a trial order of Rs 5.86 crore of newly developed 480U for use in applications to bind free water for a longer period thereby enhancing the mouthfeel naturally from MNC customers globally.

Once the product is used and confirms the pilot results at the end use there is a potential business of 50-60 million pounds quantity in the continent alone as per survey conducted by the company's surveyors

The company reported net profit of Rs 7.07 crore on revenue of Rs 164.40 crore in Q2 September 2017.

is guar gum powder (GGP) manufacturer, supplying to all sectors of the industry with an extensive range of Besides food, the company also offers guar gum to technical applications such as pet food, oil drilling, textile printing, mining paper, etc.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 03 2018. 12:41 IST