Shares of this small-cap company touched a 52-week high after receiving order from Grasim Industries
Today the shares of the company jumped more than 5 per cent in the morning trade.
Roto Pumps has received a purchase order worth Rs 14 crore from Grasim Industries for the designing, engineering, supply and service of screw pumps and spare parts. The supply is to be completed by August 2023.
Roto Pumps Ltd was incorporated in 1968. Roto Pumps is the pioneer manufacturer of Progressive Cavity Pumps in India, renowned for providing efficient and reliable pumping solutions to a diverse range of industries including Wastewater, Sugar, Paper, Paint, Oil & Gas, Chemicals & Process, Ceramics, Food & Beverages, Renewable Energy & Power, Mining & Explosives, Marine & Defence. The company has been successfully exporting to more than 50 countries and its head office is located in Noida, Uttar Pradesh.
Today, the stock opened at Rs 520.10, with a high and low of Rs 538.50 and Rs 518.95. The stock previously closed at Rs 508.15. The stock is currently trading at Rs 537.00, up by 5.20 per cent.
In the last six months, the shares of the company have given more than 15 per cent returns and in the last one month, it has given about 18 per cent returns.
The stock has a 52-week high of Rs 538.50 and a 52-week low of Rs 340. The company has a ROCE of 30 per cent and an ROE of 25.4 per cent with a market capitalisation of Rs 844 crore.