Vikas Ecotech updates on consumer business division

Vikas Ecotech Limited has announced updates on the Consumer Business Division.

The Consumer products division of the company has won confirmed orders for infrastructural product business segment valued at about INR 200 million. These fresh orders for supplies of infrastructural steel will be executed within the Q1 of FY 2022-23, in addition to this, the company is expecting more orders for the ongoing construction projects which have gained a pace after the Uttar Pradesh Elections, these orders will give a considerable leverage to the Top Line and riding on this success, the company will be exceeding the business projections for the First Quarter of the current fiscal year.

Vikas Ecotech Limited, in accordance to the long-term plan, has been sprinting to broad-base the conventional Raw Material (B2B business) via venturing into a wide variety of final products (B2C products). The company has been specifically focussing on growing its consumer products division, alongside continuously working to expand the offing to the conventional business segments, targeting to tap into the ever-growing business potential and the strong and steady demand for the infrastructural materials and products in India, which has a huge scope to offer opportunities for a long lasting and huge business growth.

Shares of Vikas EcoTech Limited was last trading in BSE at Rs. 3.96 as compared to the previous close of Rs. 4.39. The total number of shares traded during the day was 10679466 in over 3023 trades.

The stock hit an intraday high of Rs. 4.50 and intraday low of 3.96. The net turnover during the day was Rs. 43966194.00.

Source : Equity Bulls

Keywords

VikasEcoTech INE806A01020 BusinessUpdates ConsumerBusinessDivision