60 per cent from its 52-week low: This micro-cap textile company received new order worth Rs 1,87,00,000 from Eastern Naval Command
The stock is up by 60 per cent from its 52-week low of Rs 107.35 per share.
Shiva Texyarn Ltd informed that the company has bagged new order worth Rs 1,87,00,000 (excluding GST) from Controller Procurement, Material Organization (Vizag), Eastern Naval Command, Visakhapatnam. The order includes NBC Haversack MK-ll (special bags) quantity -5,513 nos. and will be delivered by July 31, 2024.
Founded in 1980, Shiva Texyarn Ltd. (STL) is a multifaceted textile manufacturer specializing in both cotton yarn and diverse technical textiles. Through their five divisions – Spinning, Processing, Lamination, Coating, and Garment – STL produces a wide range of products including coated fabrics, child-care textiles, medical textiles, and tactical gear. Their products find application in various industries like agriculture, construction, clothing, and healthcare, and are sold through a vast network of retailers, distributors, and their own sales team. Additionally, they offer several brands like Quick Dry and MedicMask.
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Today, shares of Shiva Texyarn Ltd plunged 2. per cent to Rs 173.7 per share from its previous closing of Rs 178.30 with an intraday high of Rs 174.6 and an intraday low of Rs 170.25. The stock’s 52-week high is Rs 200.95 and its 52-week low is Rs 107.35.
According to the shareholding pattern, the promoters own 74.04 per cent stake in the company, DIIs own 0.01 per cent and the rest of the 25.95 per cent stake is owned by public shareholders. The company has a market cap of Rs 225 crore. The stock is up by 60 per cent from its 52-week low of Rs 107.35 per share.
Disclaimer: The article is for informational purposes only and not investment advice.
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