Visaka Industries climbs on getting patent for product ‘ATUM’ Solar Roof

Visaka Industries is currently trading at Rs. 629.15, up by 6.35 points or 1.02% from its previous closing of Rs. 622.80 on the BSE.

The scrip opened at Rs. 628.45 and has touched a high and low of Rs. 637.80 and Rs. 615.65 respectively. So far 1973 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 873.55 on 02-Aug-2021 and a 52 week low of Rs. 372.35 on 29-Dec-2020.

Last one week high and low of the scrip stood at Rs. 637.80 and Rs. 571.25 respectively. The current market cap of the company is Rs. 1031.79 crore.

The promoters holding in the company stood at 45.85%, while Institutions and Non-Institutions held 5.63% and 48.52% respectively.

Visaka Industries has been granted a patent for its product ‘ATUM’ Solar Roof by the United States of America Patent Office, which is valid for 20 years. The patent has been granted for the invention titled ‘Eco-Friendly Energy Generating Roofs.’

ATUM is categorized as a ‘MAKE IN INDIA’ product as all its component parts are developed, manufactured, and assembled in India. ATUM is a roof that generates electricity. It is the world’s first completely integrated, seamless solar roof made with MONO Crystalline PERC cells which makes it 50% more efficient than traditional solar panels.

Founded in 1983, Visaka Industries has multiple product portfolios ranging from corrugated cement sheets, fibre cement boards, hybrid solar roofs and manmade yarn.

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