Valves Manufacturer Stock Jumps After Receiving Purchase Orders Amounting To Rs 403.90 lakh in The Month of November 2024
The company has a market cap of Rs 177.6 crore and stock is up by 39.25 per cent from its 52-week low of Rs 245.60 per share.
Rappid Valves (India) Limited received a total of Rs 403.90 lakh worth of purchase orders in November 2024 for the supply of Industrial Valves. Key clients include Vinpa Engineering (I) Pvt Ltd (Rs 248.19 lakh), Praj Industries Ltd (Rs 59.98 lakh), Das Offshore Ltd (Rs 59.74 lakh), Jindal Steel & Power Ltd (Rs 14.15 lakh), Marcuras Water Treatment (I) Pvt Ltd (Rs 10.07 lakh), Gujarat State Fertilizers & Chemicals Ltd (Rs 6.68 lakh), Pidilite Industries Ltd (Rs 2.42 lakh), Procient Engineering Pvt Ltd (Rs 1.53 lakh), Festo India Pvt Ltd (Rs 0.68 lakh), Dhanuka Biotech Pvt Ltd (Rs 0.23 lakh), R C Fertilisers Pvt ltd (Rs 0.16 lakh), and Dhanuka Soya Pvt Ltd (Rs 0.08 lakh). Dispatches for these orders are scheduled to commence from December 1, 2024 and the purchase orders received and fulfilled within November 2024 are not included in this summary.
On Tuesday, shares of Rappid Valves (India) Limited jumped 12.17 per cent to Rs 342 per share from its previous closing of Rs 304.90 per share with an intraday high of Rs 348.85 per share and an intraday low of Rs 308 per share. The stock’s 52-week high is Rs 353.95 per share and its 52-week low is Rs 245.60 per share. The company has a market cap of Rs 177.6 crore and stock is up by 39.25 per cent from its 52-week low of Rs 245.60 per share.
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Rappid Valves (India) Limited, established in 2002, is a prominent manufacturer of valve solutions. Their product portfolio encompasses a wide range of valves, such as ball, gate, globe, butterfly, check, double block, filter, and marine valves. These valves are crafted from both ferrous and non-ferrous materials and are available in sizes ranging from 15mm to 600mm, catering to a diverse spectrum of applications. The company's revenue is primarily derived from the sale of Gate Valves (35 per cent), Ball Valves (29 per cent), Globe Valves (21 per cent), Check Valves (8 per cent), Butterfly Valves (4 per cent), and other items (4 per cent).
Disclaimer: The article is for informational purposes only and not investment advice.