Specialty Chemical Stock Below Rs 6 Bags Orders Worth Rs 225 Million

Small cap company operating under specialty chemical industry Vikas EcoTech Ltd on December 8, 2023 informed that it has bagged orders worth nearly Rs 225 million for the specialty polymer compounds. These orders will be serviced within the next 30-45 days wiz latest by 15 February 2023. Last trading price of Vikas EcoTech share on BSE is Rs 3.30 per share with intraday fall of 1.20%. Vikas EcoTech shares gained 53% in last 2-years and declined 10% in last 1-month. Check details below:

Vikas EcoTech Bags Fresh Orders: According to the BSE filing of the company dated December 8, 2023, "The company will achieve almost INR 1000 Million revenue contribution with these orders from the Specialty Polymer Compounds business vertical in the current fiscal so far and is eyeing at another bout of order inflow tapping into the upcoming seasonal Exports period during January~March 2024.

The technical team at Vikas Ecotech, as a long term strategy has invested valuable time and energies developing technically enhanced, better efficient and custom tailored grades offering maximum efficacy along-with best possible cost to performance preposition for its end users and has successfully developed new better grades of Specialty compounds which have been tested and approved for commercial scale application, some of which have been patented by the company and in return these relentless efforts and technical edge will help the company achieving the targeted INR 1500 Million from its Specialty Compounds business during this Financial Year, added the press release.

Vikas EcoTech Stock Performance & Return: Last trading price of Vikas EcoTech share on BSE is Rs 3.30 per share. Its 52-week high price is Rs 5.09 apiece and 52-week low price is Rs 2.38 apiece, respectively. The company has a market capitalisation of Rs 425.16 crore. Vikas EcoTech shares declined 14% in last 3-months, gained 11% in last 6-months, fell 7% in last 1-year, and offered 13% return in last 3-years.

About: Vikas Ecotech Ltd. is a New Delhi based company engaged in the business of Specialty 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. Vikas Ecotech is the only manufacturer of Organotin (Heat Stabilizers for Vinyl applications) in lndia with in-house R&D facilities and is one of the single digit number of manufacturers of this product worldwide, who have technology and expertise for manufacturing this material right from Tin Metal to the final product.

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