Triton Valves rises on signing contract to supply TPMS valves
Triton Valves is currently trading at Rs. 2980.00, up by 11.20 points or 0.38% from its previous closing of Rs. 2968.80 on the BSE.
The scrip opened at Rs. 2950.00 and has touched a high and low of Rs. 3045.00 and Rs. 2880.00 respectively. So far 1080 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 5574.50 on 23-Sep-2024 and a 52 week low of Rs. 2427.00 on 14-May-2024.
Last one week high and low of the scrip stood at Rs. 3265.00 and Rs. 2862.10 respectively. The current market cap of the company is Rs. 357.76 crore.
The promoters holding in the company stood at 46.35%, while Institutions and Non-Institutions held 0.57% and 53.08% respectively.
Triton Valves has signed a contract for a potential period of 5 years towards supply of TPMS valves which is planned to be executed from the first quarter of 2025-26 FY. The company has received contract from Robert Bosch GmBH.
Beyond the upside that this contract brings to the company on profitability and cash flow aspects, qualifying TPMS product for a prestigious customer on the international level corroborates the technical and commercial capability of the company and it will benefit immensely in the long run.
Triton Valves is India’s largest manufacturer of automotive tyre tube valves, valve cores and accessories.
