Vikas Ecotech consolidated net profit rises 569.68% in the June 2024 quarter

Vikas Ecotech Limited has been actively exploring business opportunities in the energy segment including conventional sources of energy being used in India, as well as the renewable and green energy segments.

Vikas Ecotech announces foray in conventional energy segment; bags coal supply order from Prism Johnson

Shares of Vikas Ecotech rose 5 per cent to Rs 3.19 on Friday and the company commanded a total market capitalization of more than Rs 350 crore.

Vikas Ecotech shares rise 5% after order win from Prism Johnson

Following the update, shares of Vikas EcoTech gained about 3 per cent to Rs 3.21 on Monday, with the company commanding a total market capitalization of Rs 350 crore.

Vikas EcoTech shares rise after strong business updates

The company has till date paid a debt of Rs 98.2 crore to its lenders and the outstanding amount remains at Rs 71.8 crore, Vikas Ecotech said in a statement.

Recycling company Vikas Ecotech aims to become debt-free in FY24

Vikas Ecotech has repaid bank debts by Rs 7.3 crore, taking the total amount of bank-debt reduced to Rs 71.8 crore and the overall bank-debt reduction to Rs 98.2 crore from the peak level.

Multibagger penny stock in focus amid debt reduction plans; co aims to become debt free in FY24

Vikas Ecotech is expanding its business portfolio by manufacturing steel pipes and MDPE pipes and the company recently forayed into the real-estate segment.

Vikas EcoTech shares surge 6% after strong business updates

The company has allotted a total of 17.85 crore equity shares to eligible qualified institutional buyers at the given issue price, amounting to Rs 49.98 crore.

Vikas EcoTech raises Rs 50 crore via QIP route; stock gains

Recycling company Vikas Ecotech on Wednesday said it plans to raise Rs 100 crore through qualified institutional placement (QIP) route.

Recycling firm Vikas Ecotech plans to raise Rs 100 cr via QIP issue route

The proceeds from the QIP issue, which opened on May 31, will be utilised to expand its business and fund working capital requirement, the company said in a statement.

Vikas Ecotech to raise Rs 100 crore via QIP issue

The stock of Vikas Ecotech has gained more than 7 per cent in the last two sessions, compared it is close at Rs 2.85 on Wednesday, with a mcap close to Rs 300 crore.

Vikas Ecotech shares up 7% in two days as company raises funds via QIP

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

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Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

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Good time to consider, stock is not in the overbought zone

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Promoter pledged holding

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Vikas EcoTech Limited manufactures and distributes specialty polymers compounds and additives.