Stocks of Vadilal Industries are soaring high by over 4% on BSE, as the company has already commissioned 3 production lines as informed by Rajesh Gandhi, CMD, Vadilal Industries. They are eyeing a revenue of over Rs 500 crore.
Further he added that the distributors have been increased to 850 from previous 800; and retail outlets have also been increased to 60,000 from 55,000.
The stocks of the company have outperformed both BSE Small-cap index and BSE FMCG index on a yearly basis. BSE Small-cap index is trading up by 55 points or 0.39% at 14209 levels. BSE FMCG index is trading up by 19 points or 0.21% at 9237 level.