Micro-Cap Scrap Recycling Company Secures USD 1.2 Million Export Order For Brass Billets With 45-Day Delivery Target
In the last year, the stock price has given 79 per cent returns, while listing in January 2024, the stock has given 148 per cent returns.
Siyaram Recycling Industries Ltd has announced that it has received a purchase order from M/s. Greenland Trading Pvt. Ltd., Hong Kong. The total contract is valued at USD 1,200,000, which is approximately Rs 10.35 Crore.
The order is for 200 tons of Brass Billets, intended for export to China. The company is expected to fulfill the order within 45 days.
Siyaram Recycling Industries Ltd. has confirmed that the promoter/promoter group/group companies do not have any interest in Greenland Trading Pvt. Ltd. Additionally, the order does not fall under related party transactions.
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Siyaram Recycling Industries Ltd. was formerly known as Siyaram Impex Pvt. Ltd. The company's registered office is located at Plot No. 6 & 7, Village Lakhabaval Post. Khodiyar Colony, Jmnagar (Gujarat), INDIA
Siyaram Recycling Industries Ltd opened strong at Rs134.90, higher than the previous close of Rs130.90. The stock witnessed bullish momentum, touching an intraday high of Rs140.90 and a low of Rs134.00. It traded with a positive bias throughout the session, closing at Rs136.50, up by 4.28 per cent. The VWAP stood at Rs137.55, indicating steady buying interest. The stock remains volatile but well above its 52-week low of Rs63.00, though still below the 52-week high of Rs183.85.
In the last year, the stock price has given 79 per cent returns, while listing in January 2024, the stock has given 148 per cent returns.
Disclaimer: The article is for informational purposes only and not investment advice.