Moneycontrol News
Shares of Vikas WSP has locked at 10 percent upper circuit on Friday on order win worth Rs 119 crore.
There were pending buy orders of 278,978 shares, with no sellers available.
The company had developed a new guar gum product Thermo Guar-30 and the company had already filed Patent for the said product.
The new product has been accepted for use by Nestle, Unilever global and other customers of the company in Germany and China.
The company has received export order for aggregate amount of Rs 119 crore for shipment in next two quarters.
The company has reported net profit of Rs 2.64 crore in the quarter ended June 2017.
At 15:19 hrs Vikas WSP was quoting at Rs 10.30, up Rs 0.93, or 9.93 percent on the BSE
Posted by Rakesh Patil
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
