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Vama Industries stock locked at upper circuit on bagging Rs 74.32-crore order

Vama Industries Share Price | The shares touched a 52-week high of Rs 7.2 apiece and a 52-week low of Rs 4 apiece on February 21, 2024 and October 26, 2023, respectively.

June 24, 2024 / 10:11 IST
Vama Industries

Vama Industries' shares were locked at 10 percent upper circuit in the early trade on June 24 after the company bagged a supply order worth of Rs 74.32 crore.

At 09:45am, Vama Industries shares were trading at Rs 6.61 apiece, up Rs 0.60, or 9.98 percent, on the BSE.

There were pending buy orders of 4,744,580 shares, with no sellers available.

The company has received a supply order worth of Rs 74.32 crore from NewSpace India Limited (NSIL).

The order included Supply of Hierarchical Storage Management (HSM) systems and servers for Central Archival Facility (CAF) Solution on Turn - key basis.

The installation and commissioning including data migration is to be done in 24 weeks, while training, warranty & support services is for a period of 7 years post installation.

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Vama Industries Ltd primarily focuses on IT & ITeS.

The company undertakes business of system study, analysis design, development and implementation of software systems of all kinds for usage of computer systems, communication system or combination of computer and communication system for using in Government, Industry, Business or other fields activity.

The shares touched a 52-week high of Rs 7.2 apiece and a 52-week low of Rs 4 apiece on February 21, 2024 and October 26, 2023, respectively.

Currently, the stock is trading 8.19 percent below its 52-week high and 65.25 percent above its 52-week low.

The share price jumped nearly 40 percent in the last three days.

Moneycontrol News
first published: Jun 24, 2024 10:11 am

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