Shares of Shiva Texyarn rose by 12%, orders from Indian Air Power elevated purchases – INA NEWS

Shiva Texyarn Inventory Worth: Shares of technical textile firm Shiva Texyarn noticed an increase of as much as 12 % in a day on January 3. The corporate has obtained an order value Rs 36.19 crore from the Indian Air Power. This order has been obtained for provide of 16000 pairs of NBC (Nuclear, Organic and Chemical) fits, permeable MK V16000. Within the info given to the inventory markets, it has been mentioned that below this contract given by the Indian Air Power, Division of Army Affairs, Ministry of Defence, the provision is to be finished from January 3, 2025 to August 31, 2025.

Shares of Shiva Texyarn opened with positive factors at Rs 235 on BSE within the morning. After this it jumped by 12 % from the earlier closing value and reached a excessive of Rs 249. The inventory had created a 52-week excessive of Rs 299 on November 8, 2024 on BSE.

Shiva Texyarn rose 60 % in a single 12 months

Shiva Texyarn shares have gained 60 % within the final one 12 months. The market cap of the corporate is Rs 305 crore. Promoters held 74.04 % stake within the firm by the top of September 2024. The higher value band for the inventory on BSE is Rs 266.70 with 20 per cent circuit restrict.

Revenue of Rs 2.76 crore in Q2

The corporate reported web gross sales of Rs 95.19 crore within the July-September 2024 quarter, down 3.59 per cent from gross sales of Rs 98.73 crore in September 2023. The corporate reported a web revenue of Rs 2.76 crore within the September 2024 quarter. There was a web lack of Rs 2.58 crore within the September 2023 quarter. EBITDA stood at Rs 10.13 crore, up 75.56 per cent from Rs 5.77 crore in September 2023.