Visaka Industries posts a record performance

The scrip of cement manufacturer Visaka Industries shot up by an amazing 11.54% at Rs 688.00 per share on the BSE at 1237 hours. The stock traded at a fresh 52-week high value of Rs 699 per share on the BSE. On the NSE it attracted a total traded volume of 10,79,934 shares and a traded value of Rs 7,276.92 lakhs. 
 
The company has been maintaining a dividend payout ratio of 29.38% and has posted growth of 5.20% over the past five years. The company has had a return on equity of 8.40% for the last three years. On a yearly basis the stock has given 276.77% returns and has outperformed the BSE Small-Cap index and BSE 500 index.
 
Last Monday the company launched a new brand called ‘ATUM’, an eco-friendly, energy-efficient and energy-generating roofing product. The company is engaged in the manufacture and sale of cement asbestos sheets, fiber cement sheets, panels and spinning (synthetic spun yarn). 
 
Meanwhile, the BSE Sensex gained 297 points or 0.95% at the 31,685 level and Nifty gained 100 points or 1.03% at the 9,896 level.