06 Sep 2024

Sacheta Metals Soars on Securing Rs 5.6 Crore Export Order

Sacheta Metals' stock has surged to Rs. 25.22, marking an increase of 7.05% or 1.66 points from its previous close of Rs. 23.56 on the BSE.

The stock opened at Rs. 23.95 and has since reached an intraday high of Rs. 26.25 and a low of Rs. 23.90. A total of 2,33,425 shares have been traded so far.

This 'X' category stock, with a face value of Rs. 10, hit its 52-week high of Rs. 27.80 on 31 January 2024 and a 52-week low of Rs. 17.16 on 24 November 2023.

Over the past week, the stock’s high and low have been Rs. 26.25 and Rs. 20.10 respectively. The company's current market capitalization stands at Rs. 63.18 crore.

The promoter's stake in the company is 55.48%, while the remaining 44.52% is held by non-institutional investors.

Sacheta Metals has secured an additional export order worth Rs. 5.6 crore from international clients for the supply of aluminium utensils. The company is expected to complete the order within 120 days.

Sacheta Metals is a prominent Indian manufacturer and exporter specializing in aluminium utensils, casting, sheets, circles, non-stick cookware, pressure cookers, and other kitchenware, including stainless steel products.