Siyaram Recycling Industries touches the roof on bagging order worth around Rs 10 crore
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Siyaram Recycling Industries is currently trading at its upper limit of Rs. 149.10, up by 7.10 points or 5.00% from its previous closing of Rs. 142.00 on the BSE.
The scrip opened at Rs. 137.00 and has touched a high and low of Rs. 149.10 and Rs. 137.00 respectively. So far 34500 shares were traded on the counter.
The BSE group 'MT' stock of face value Rs. 10 has touched a 52 week high of Rs. 183.85 on 19-Nov-2024 and a 52 week low of Rs. 60.63 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 149.10 and Rs. 137.00 respectively. The current market cap of the company is Rs. 369.36 crore.
The promoters holding in the company stood at 70.87%, while Institutions and Non-Institutions held 1.68% and 27.46% respectively.
Siyaram Recycling Industries has received purchase order from Al Qaryan International, Dubai for an amounting to $11,60,000 (around Rs 10 crore). The order is for 200 tons of Brass Billet for export to China. The order is to be executed within 45 days.
Earlier, the company had received order from M/s. Shree Extrusions, Jamnagar for the total contract cost amounting to around Rs 3.40 crore.
Siyaram Recycling Industries is primarily engaged in (i) segregation of brass scrap (ii) manufacturing of brass ingots, billets and brass rods and (iii) manufacturing of brass-based components (plumbing and sanitary parts).
