Vikas Ecotech stock surges with high buying activity on 5th January 2024.

Vikas Ecotech Share Price: A Roller Coaster Ride to Start the Year! 📈💰

1. On Wednesday, during the trading session, Vikas Ecotech’s shares were stuck in an upper circuit. 🔄 This means that the demand for the company’s shares was soaring high.

2. The share price of Vikas Ecotech witnessed a significant surge of 4% during Thursday’s trading session, closing at INR 3.90 per share. 🚀

3. The BSE Sensex, on the other hand, experienced a dip of 353 points and traded at 71,557. The Nifty-50 index also declined by 105 points, reaching 21,560. 📉

4. Thursday’s trading session proved to be fruitful for Vikas Ecotech, as the share price continued its upward trajectory. It recorded a growth of 3.85% and was trading at INR 4.05 per share. 📈

5. As Friday rolled in, the share price of Vikas Ecotech further increased by 0.24%, settling at INR 4.14 per share. 💹

6. With a total market capitalization of INR 541 crores, Vikas Ecotech Limited has been a promising investment opportunity for shareholders. The shares reached a 52-week high of INR 5.05 and a low of INR 2.35. 📊

7. Investors who have been holding Vikas Ecotech shares for the past month witnessed a remarkable 13% return on their investment. 💸

8. Moreover, in the last six months, the company’s share price has witnessed a staggering growth of 22%. This showcases the company’s consistent performance and investor confidence. 💼

9. Recently, the Board of Directors at Vikas Ecotech Limited approved the merger proposal from Vrinda Advanced Materials Limited. This decision has been welcomed by the market. 💼

10. Additionally, the firm has appointed Price Waterhouse Coopers and Company LLP as advisors. Their expertise will be invaluable in evaluating the merger proposal from Vrinda Advanced Materials Limited. 💼

11. Vrinda Advanced Materials Limited was established in 2007 and is primarily involved in trading specialized chemicals and agricultural products. The company operates in Rajasthan. 🌾🔬

12. For the financial year ending March 31, 2023, Vikas Ecotech Limited reported a total revenue of INR 192.1 crores, with a net profit of INR 9.35 crores. Its net worth stands at INR 69.14 crores, making it a debt-free company. 💰

13. On August 31, 2023, the Board of Directors at Vikas Ecotech Limited approved an increase in share capital to INR 200 crores. This decision reflects the company’s commitment to growth and expansion. 💼

14. Over the past three years, Vikas Ecotech Limited’s shares have provided a remarkable return of 500% to its investors. This highlights the company’s strong performance and its ability to generate wealth for shareholders. 💰📈

15. The Board of Directors of Vikas Ecotech Limited held a meeting on Monday, October 16, 2023. The company’s plan for this year is to become completely debt-free. With significant progress already made in reducing its debt, the company’s net profit is positively impacted. 💼💹

Get ready for an exciting journey with Vikas Ecotech’s share price! Buckle up and stay updated on the latest market trends. 🚀📊💹

Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.