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21-Jul2017

Videocon Industries touches roof with arm entering into eKYC business

Videocon Industries is locked at upper circuit limit of Rs. 26.05, up by 1.20 points or 4.83% from its previous closing of Rs. 24.85 on the BSE.

The scrip opened at Rs. 24.10 and has touched a high and low of Rs. 26.05 and Rs. 23.80 respectively. So far 1246533 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 114.90 on 06-Oct-2016 and a 52 week low of Rs. 16.35 on 27-Jun-2017.

Last one week high and low of the scrip stood at Rs. 28.90 and Rs. 23.80 respectively. The current market cap of the company is Rs. 871.27 crore.

The promoters holding in the company stood at 66.04%, while Institutions and Non-Institutions held 11.54% and 10.81% respectively.

Videocon Industries' telecom arm - Videocon Telecom has entered into eKYC business for Aadhaar-linked services and set a revenue target of up to Rs 100 crore from the segment in the next two years.

The company has obtained both ASA (authentication service agencies) and AUA (authenticated user agencies) licences for the Aadhaar-based digitalization.

The company has 60 offices across the country to sell business to business solution. It will leverage workforce at these offices for expansion eKYC business.


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