SBC Exports moves up on bagging export order from M/s Gawgee Brothers Wholesalers CO. LLC
SBC Exports is currently trading at Rs. 12.61, up by 0.15 points or 1.20% from its previous closing of Rs. 12.46 on the BSE.
The scrip opened at Rs. 12.50 and has touched a high and low of Rs. 12.95 and Rs. 12.42 respectively. So far 927808 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 25.21 on 16-Sep-2024 and a 52 week low of Rs. 11.03 on 17-Feb-2025.
Last one week high and low of the scrip stood at Rs. 13.00 and Rs. 12.24 respectively. The current market cap of the company is Rs. 600.00 crore.
The promoters holding in the company stood at 64.15%, while Non-Institutions held 35.85% in the company.
SBC Exports has received a repeat export order for supply of various Garment articles including T-Shirts, Trousers, Shorts etc. for a value of $10,89,494.64 (around Rs 9.36 crore) from M/s Gawgee Brothers Wholesalers CO. LLC, a Dubai based Textile Company.
Further, the company has entered into a strategic tie-up with M/s Gawgee Brothers Wholesalers CO. LLC, UAE, for the supply of garments. Under this arrangement, the Company will supply a wide range of garments that will be sold in the Retail chain stores (Day-to-Day), Dubai.
This collaboration is expected to enhance the Company’s global reach and contribute positively to its revenue growth. The agreement is aligned with the Company’s vision to expand its international presence and establish a foothold in high-growth markets.
The payment of the shipment will be received within the period of 90 days from the date of receipt of the goods by M/s Gawgee Brothers Wholesalers Co. LLC. The minimum shipment size should be of 20000 pcs. per shipment.
SBC Exports is engaged in the trading of handmade carpets, cushion covers, cotton quilts and bedspreads etc. in the Mirzapur.
