Axita Cotton moves higher on securing orders worth Rs 89.22 crore
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Axita Cotton is currently trading at Rs. 29.49, up by 1.02 points or 3.58% from its previous closing of Rs. 28.47 on the BSE.
The scrip opened at Rs. 29.70 and has touched a high and low of Rs. 29.80 and Rs. 29.30 respectively. So far 574229 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 83.00 on 28-Apr-2023 and a 52 week low of Rs. 24.70 on 19-May-2023.
Last one week high and low of the scrip stood at Rs. 29.80 and Rs. 26.09 respectively. The current market cap of the company is Rs. 575.04 crore.
The promoters holding in the company stood at 69.97%, while Institutions and Non-Institutions held 5.33% and 24.71% respectively.
Axita Cotton has secured a new sales orders from multiple vendors of the industry. The company has received various contracts / awards of supplying cotton bales worth of Rs 89.22 crore (including GST) in Indian Raw Cotton categories under the terms of the agreement. Axita Cotton will deliver cotton bales over a period of time.
The company will provide various quality of cotton Bales to these vendors. The orders are testament to the company's strong reputation for providing high-quality cotton bales. It is committed to providing these vendors with utmost support and ensuring customer satisfaction. These orders are a significant milestone for the company and validate its commitment to providing its customers with the best quality of cotton.
Axita Cotton is producing cotton bales and cotton seeds. The company is producing mainly two varieties of cotton bales namely Shankar-6 and MCU-5/MECH.
