This small-cap stock soars ~10% on Friday as a result of the agreement with a US-based company. A significant volume rise that was higher than the previous day and the previous week is helping to support the stock price. This stock is currently trading higher than both the 50-day and 200-day moving averages. This stock delivered 50% returns in one year.
VST Tillers Tractors Limited
VTT Ltd is a small-cap company has a market capitalization of Rs. 3,214.64 Cr. At 12:25 p.m. shares are trading 9.52% up at Rs. 3,652.05.
According to the company’s filing, VST Ltd has entered into a master service agreement with Solectrac Inc., USA to jointly develop Electric Power tillers and other Agricultural machineries.
The company’s total revenue increased by 11% YoY from Rs. 238.26 Cr in Q1 FY23 to Rs. 264.26 Cr in Q1 FY24, for the same period net profits grew by 228% YoY from Rs. 10.05 Cr in Q1 FY23 to Rs. 32.99 Cr in Q1 FY24.
As per the latest shareholding information, Promoters hold 55.57% and the Public hold a 44.42% stake in this company.
VST Shakti produces tractors and multipurpose agricultural tillers. Agriculture machinery manufacturing and trading are the company’s primary business activities. The company has increased its presence in over 20 nations in the previous two years with an eye on worldwide opportunities.
Written by Sheshadri N
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