20 Sep 2024

Cosmic CRF's Shares Rise as Subsidiary Secures Rs 127.44 Crore Order

Cosmic CRF's stock is trading at Rs 1756.00, up by 32.55 points (1.89%) from its previous close of Rs 1723.45 on the BSE. The stock opened at Rs 1809.00, hitting a high of Rs 1809.60 and a low of Rs 1753.00. Around 8,200 shares have been exchanged so far.

This BSE 'MT' group stock, with a face value of Rs 10, reached a 52-week high of Rs 2210.00 on August 28, 2024, and a 52-week low of Rs 233.90 on September 21, 2023. The stock’s one-week high and low were Rs 1920.00 and Rs 1681.50, respectively. The company's current market capitalization stands at Rs 1442.85 crore.

The promoter shareholding in Cosmic CRF is at 61.24%, with institutions holding 6.54% and non-institutional investors at 32.21%.

Cosmic CRF's subsidiary, N.S. Engineering Projects, secured a significant order valued at Rs 127.44 crore (inclusive of GST) for the supply of Cold Formed Steel Sheet Piles, which is to be delivered within 12 months. Previously, the company had received an order worth Rs 10.21 crore from a Railway Wagon Manufacturing firm.

Cosmic CRF specializes in manufacturing railway components, sheet piles, and structures through its Cold Rolled Forming unit.