Skipper shines on securing new order of Rs 225 crore
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Skipper is currently trading at Rs. 70.15, up by 0.70 points or 1.01% from its previous closing of Rs. 69.45 on the BSE.
The scrip opened at Rs. 71.00 and has touched a high and low of Rs. 71.50 and Rs. 69.65 respectively. So far 5374 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 89.00 on 15-Sep-2021 and a 52 week low of Rs. 50.00 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 74.00 and Rs. 67.60 respectively. The current market cap of the company is Rs. 724.85 crore.
The promoters holding in the company stood at 71.89%, while Institutions and Non-Institutions held 9.28% and 18.83% respectively.
Skipper has secured fresh new order of Rs 225 crore for several Domestic & International T&D projects including Telecom. The company’s engineering business has secured export orders of Rs 125 crore for several T&D projects across Latin America, Middle East and South Asia markets. Also, secured new order of Rs 100 crore from Power Grid Corporation of India, Domestic SEB’s & Telecom Companies.
The company bidding pipeline are at its highest ever level of Rs 9,500 crore plus and expects a substantial rise in the volume of international orders in the current fiscal. The company expects the International business share in order book to rise to 75% in next 2 years.
Skipper is engaged in structural fabrication and manufacturing of mild steel and galvanized iron pipes, steel tubular poles, scaffolding and accessories and PVC pipes. Structural fabrication is the major contributor to the revenue of the company.
