52-Week High Alert: Multibagger Brass Billets Manufacturer Bags New Order Worth Rs 6,30,00,000 From Greenland Trading Pvt Ltd
The company has a market cap of over Rs 300 crore and the stock gave multibagger returns of 218 per cent from its 52-week low of Rs 55 per share.
Siyaram Recycling Industries Limited has secured a significant export order for 125 tons of Brass Billet from Greenland Trading Pvt Ltd., Hong Kong, valued at approximately Rs 6.30 crore (USD 7,50,000). This international contract highlights the company's growing presence in the global market and its ability to meet the demands of overseas buyers. The order is scheduled for delivery within 30 days, underscoring Siyaram Recycling's efficiency in fulfilling export obligations. This substantial commercial deal reinforces the company's position as a key player in the recycling and export of brass products, contributing to both domestic and international trade.
Earlier, the company was been awarded a domestic contract by Axelon Group, Jamnagar, for the supply of 50 tons of Brass Rods. The contract, valued at approximately Rs 3 crore, is scheduled for completion within 30 days. This order strengthens Siyaram Recycling's position in the domestic market and demonstrates the company's ability to meet the diverse needs of Indian industries.
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About the Company
Siyaram Recycling Industries Ltd, established in 2007, is primarily engaged in the recycling of brass scrap. The company's operations involve segregating brass scrap, manufacturing brass ingots, billets, and rods, as well as producing brass-based components. The manufacturing facilities are spread across three units, each dedicated to a specific aspect of the business. Siyaram Recycling Industries Ltd markets its products domestically in 18 states and Union Territories of India, with a significant portion of its revenue generated from Gujarat. Additionally, the company exports its products to countries including China, Germany, Belgium and Oman.
On Monday, shares of Siyaram Recycling Industries Ltd gained 6.55 per cent and hit a new 52-week high of Rs 174.90 per share from its previous closing of Rs 164.15 per share. The company has a market cap of over Rs 300 crore and the stock gave multibagger returns of 218 per cent from its 52-week low of Rs 55 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.