Penny stock under Rs 35: This micro-cap textile company bags massive order worth Rs 109 million!

Shares of the company gained more than 4 per cent in the last one month.

Fiberweb (India) Limited informed in the exchange filing that the company had bagged an export order worth Rs 109 million from the USA. This is the second order of the season and covers both PP Spun Bond and Melt Blown Fabrics. The company has been able to break through in the competitive US market due to its continuous research and development work on products and innovative converted products.

The company is a pioneer in the field of Spun Bond Non-Woven Fabric (Technical Textile) and its various converted products. It is also a 100% EOU, the largest exporter, and a Star Export House. The company has established its name as a quality supplier in the international market and is ISO 9001: 2015; ISO 14001:2015; ISO 45001:2018 certified. The Melt Blown Line has been in operation since January 2018 and the company's products are very well accepted in the market.

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Fiberweb (India) Ltd manufactures high-quality spun bond non-woven roll goods used in the hygiene industry, agriculture crop cover, medical & industrial clothing & other innovative uses. The company's product range includes high-quality spun bond non-woven roll goods, mono-layer and multiplayer films, garbage bags, carrier bags, spun bond nonwoven fabrics, lamination, masking, etc. 

Today, the stock opened at Rs 33.47, with a high and low of Rs 33.70 and Rs 32.55, respectively. The stock ended the trading session at Rs 32.96, up by 0.46 per cent. The stock has a 52-week high of Rs 42.70 and a 52-week low of Rs 24.17.

Disclaimer: The article is for informational purposes only and not investment advice.