Consumer Electronics Manufacturer Bags Order For More Than Rs 125 Million From Infinity Retail Limited (TATA Croma)
The company has a market cap of Rs 99.38 crore and stock is up by 95.55 per cent from its 52-week low of Rs 67.50 per share.
Comrade Appliances Ltd announced that it has secured a significant order for air coolers from Infinity Retail Limited (TATA Croma) valued at over Rs 125 million. This substantial order is anticipated to contribute positively to the company's revenue in the forthcoming quarters. We remain dedicated to providing our valued customers with superior-quality products that meet their evolving needs.
On Monday, shares of Comrade Appliances Ltd hit a 10 per cent upper circuit to Rs 132 per share from its previous closing of Rs 120 per share. The stock’s 52-week high is Rs 151 per share and its 52-week low is Rs 67.50 per share. The company has a market cap of Rs 99.38 crore and stock is up by 95.55 per cent from its 52-week low of Rs 67.50 per share. The shares of the company saw a spurt in volume by more than 3.85 times on BSE.
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Comrade Appliances Ltd is a company established in 2017 that specializes in manufacturing electrical machinery and apparatus. Their primary focus lies in producing air coolers and electric geysers. The company is organized into four key departments: Production, Moulding, Administration, and Logistics.
Comrade Appliances currently operates a manufacturing facility in Palghar, Maharashtra, spanning 66,322 square feet. They are actively expanding their operations by setting up a second manufacturing unit in the same location. This new facility, dedicated to air cooler production, started its operations in mid-November 2024.
Disclaimer: The article is for informational purposes only and not investment advice.