Shiv Texchem surges on securing LoA worth Rs 10.72 crore
Shiv Texchem is currently trading at Rs 269.00, up by 7.70 points or 2.95% from its previous closing of Rs 261.30 on the BSE.
The scrip opened at Rs 261.50 and has touched a high and low of Rs 270.00 and Rs 257.00 respectively. So far 20800 shares were traded on the counter.
The BSE group 'M' stock of face value Rs 10 has touched a 52-week high of Rs 417.00 on 12-Dec-2024 and a 52-week low of Rs 202.10 on 18-Feb-2025.
Last one week high and low of the scrip stood at Rs 285.50 and Rs 257.00 respectively. The current market cap of the company is Rs 623.33 crore.
The promoters holding in the company stood at 73.65%, while Institutions and Non-Institutions held 8.69% and 17.65% respectively.
Shiv Texchem has received Letter of Acceptance (LoA) from Gujarat Narmada Valley Fertilizers & Chemicals, for the supply of toluene. The order is valued at Rs 10.72 crore. The order is to be executed by August 2025.
Shiv Texchem is primarily engaged in the business of importing and distributing hydrocarbon-based chemicals that are crucial raw materials for a wide range of industries including paints, coatings, printing inks, agro-chemicals, polymers, pharmaceuticals, and industrial chemicals.
