/ Veto Switchgears And Cables Declares Interim Dividend ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 13 February 2017

Veto Switchgears and Cables has declared an interim dividend of Rs 1 per share, having a FV of Rs 10 each, for the financial year 2016-17. The stock of the company is trading with a P/E of 24.91, and has given a return of 37.32% over a period of one year. 

DHFL Pramerica Mutual Fund is the only fund house which has invested in the stock of the company. Veto Switchgears and Cables is engaged in the manufacturing and sales of wires, cables and electrical accessories in India.  The company was formerly known as Veto Switchgears and Cables Private Limited.

Veto Switchgears & Cables Ltd is currently trading at Rs 136.05, down by Rs 4.35 or 3.1% from its previous closing of Rs 140.4 on the BSE. The scrip opened at Rs 139 and has touched a high and low of Rs 145 and Rs 135 respectively. So far 88125(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 257.31 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 174.9 on 03-Nov-2016 and a 52 week low of Rs 85 on 05-Apr-2016. Last one week high and low of the scrip stood at Rs 146.7 and Rs 137.1 respectively.

The promoters holding in the company stood at 58.19 % while Institutions and Non-Institutions held 5.79 % and 36.02 % respectively. The stock is currently trading below its 100 DMA.

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