look news india
Share prices of Shiva Texyarn Limited have seen a rise of more than 12 percent on January 3. The main reason for this surge is the important order the company received from the Indian Air Force (IAF). Indian Air Force has awarded work worth Rs 36.19 crore to the company. During this period, when other markets were witnessing a decline, Shiva Texyarn stock was performing well.
share price performance
The company’s shares opened at Rs 235 on BSE on Friday. After some time, the price of these shares rose by more than 12 percent to Rs 249. At market close, shares of the company closed at Rs 234.75 with a gain of 5 per cent.
Work order details
The company informed the exchange that the Department of Military Affairs has entrusted it with the supply of 16,000 pairs of Nuclear, Biological and Chemical (NBC) suits. This supply is to be completed between January 3, 2025 and August 31, 2025.
Company’s second quarter performance
Shiva Texyarn Limited’s total sales stood at Rs 95.19 crore in the September quarter, which is down 3.59 percent year-on-year. The company’s sales in the September quarter of last year were Rs 98.73 crore. However, the company’s net profit in the September quarter stood at Rs 2.52 crore, which shows a growth of 187.50 percent on an annual basis.
rise in stock prices
The company’s share prices have seen an increase of 51 percent in the last 6 months. At the same time, investors holding shares of Shiva Texyarn have gained 111 percent in the last one year.
