Loyal Equipments surges on receiving order from Linde Engineering India
Loyal Equipments is currently trading at Rs. 215.15, up by 3.10 points or 1.46% from its previous closing of Rs. 212.05 on the BSE.
The scrip opened at Rs. 223.90 and has touched a high and low of Rs. 223.90 and Rs. 212.00 respectively. So far 953 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 342.00 on 26-Aug-2024 and a 52 week low of Rs. 137.60 on 29-Feb-2024.
Last one week high and low of the scrip stood at Rs. 234.90 and Rs. 201.15 respectively. The current market cap of the company is Rs. 232.15 crore.
The promoters holding in the company stood at 73.53%, while Non-Institutions held 26.47% in the company.
Loyal Equipments has received an Order from Linde Engineering India for Supply of Valve Skids with interconnecting Piping. Broad consideration or size of the order is Rs 25.95 crore (Including GST). The said order is expected to be executed in 14 months.
The company is engaged in manufacturing and supplying of Coded Pressure Vessels & Heat Exchangers (Ferrous & Non Ferrous), Air Cooled Heat Exchangers, Skids for Dynamic and Static Machineries, Base-Plates, Sterilizers, Chimneys and Columns, Tanks & Receivers, Site Fabrication & Erection Activities.
