Share Market News: Vikas Ecotech’s Penny Stocks Witnessed 7% Increase With 550% YoY Growth

Share Market News: High-end specialty chemical company Vikas Ecotech’s financials saw a strong growt, and its less than Rs 5 stocks rallied 7%. On a year-on-year basis, the company recorded a growth of 550% and on a quarter-on-quarter basis recorded a net profit growth of 400%. The company’s share set an intraday height of 4.50 on 1st August, 19% higher than the previous business session. Talking about the fundamentals, the company’s market cap is Rs 700 Cr. 

Vikas Ecotech Revenue

The company has a manufacturing plant of about 30,000 megaton in Rajasthan, with a capacity utilization of 75%. The company’s 63% revenue comes from the infra and energy business, while the remaining 37% revenue comes from the chemical and polymer business. 73% business of Viks Ecotech comes from the top 10 clients. Of these, 58% of the business comes from only two major clients.