/ BSE Basic Material Index Gains The Most Visaka Industries Gains ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 11 January 2017

The BSE Material Index that is designed to provide investors with a benchmark reflecting companies included in the S&P BSE AllCap that are classified as members of the basic materials sector is outperforming the broader markets by recording gains of more than 1.5% on intraday basis.

Visaka Industries in the top gainer in the index by clocking more than 6.5% returns. JSW Steel is other major gainer in the index along with Jindal Steel, Hindalco, Vedanta and Ultra Tech cement company. JSW Steel,Tata Steel and Hindalco together have contributed to 50% of the gains for the index. Over one year period the index has gained by more than 40%, now trading at 2444 levels.
Visaka Industries Ltd is currently trading at Rs 208, up by Rs 15.25 or 7.91% from its previous closing of Rs 192.75 on the BSE. The scrip opened at Rs 192.8 and has touched a high and low of Rs 209.9 and Rs 192.8 respectively. So far 143821(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 306.09 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 240 on 25-Oct-2016 and a 52 week low of Rs 88.7 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 199 and Rs 186 respectively.

The promoters holding in the company stood at 37.55 % while Institutions and Non-Institutions held 3.31 % and 59.14 % respectively. The stock is currently trading above its 100 DMA.
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