Tinna Rubber and Infrastructure soars on winning contract worth Rs 107.5 crore
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Tinna Rubber and Infrastructure is currently trading at Rs. 477.00, up by 12.95 points or 2.79% from its previous closing of Rs. 464.05 on the BSE.
The scrip opened at Rs. 460.00 and has touched a high and low of Rs. 494.95 and Rs. 452.00 respectively. So far 36298 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 725.80 on 01-Sep-2022 and a 52 week low of Rs. 263.75 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 494.95 and Rs. 438.20 respectively. The current market cap of the company is Rs. 412.65 crore.
The promoters holding in the company stood at 73.81%, while Institutions and Non-Institutions held 1.69% and 24.51% respectively.
Tinna Rubber and Infrastructure has been awarded a 2-year contract for the Supply of Crumb Rubber Modifier (CRM) on rate contract basis by Indian Oil Corporation for their plants at Mathura and Haldia for a total value of Rs 107.5 crore which is over 50% growth in total value from previous contract.
Tinna Rubber and Infrastructure is a market leader in the field of bituminous products. The company has captured substantial share due to the high quality, reliability and customer satisfaction. The company also has interest in winery, agri business and ware housing.
