Shiva Texyarn Stock Price: Shares of technical textile company Shiva Texyarn saw a rise of up to 12 percent in a day on January 3. The company has received an order worth Rs 36.19 crore from the Indian Air Force. This order has been received for supply of 16000 pairs of NBC (Nuclear, Biological and Chemical) suits, permeable MK V16000. In the information given to the stock markets, it has been said that under this contract given by the Indian Air Force, Department of Military Affairs, Ministry of Defence, the supply is to be done from January 3, 2025 to August 31, 2025.
Shares of Shiva Texyarn opened with gains at Rs 235 on BSE in the morning. After this it jumped by 12 percent from the previous closing price and reached a high of Rs 249. At the close of trading, the stock settled at Rs 234.75 with a gain of 5.6 percent. The stock had created a 52-week high of Rs 299 on November 8, 2024 on BSE.
Shiva Texyarn rose 60 percent in one year
Shiva Texyarn shares have gained 60 percent in the last one year. The market cap of the company is Rs 304 crore. Promoters held 74.04 percent stake in the company by the end of September 2024. The upper price band on BSE for the stock is Rs 266.70 with 20 per cent circuit limit.
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Profit of Rs 2.76 crore in Q2
The company reported net sales of Rs 95.19 crore in the July-September 2024 quarter, down 3.59 per cent from sales of Rs 98.73 crore in September 2023. The company reported a net profit of Rs 2.76 crore in the September 2024 quarter. There was a net loss of Rs 2.58 crore in the September 2023 quarter. EBITDA stood at Rs 10.13 crore, up 75.56 per cent from Rs 5.77 crore in September 2023.
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