20 Jan 2025

Shiva Texyarn Shares Dip by 6.54%, Bags Rs. 9.06 Crore Order from Defence Ministry

Shiva Texyarn is trading at Rs. 216.00, marking a decline of 13.25 points or 6.54% from its previous close of Rs. 229.25 on the BSE. The stock opened at Rs. 206.90 and recorded an intraday high of Rs. 216.00 and a low of Rs. 198.05. A total of 352 shares have changed hands so far.

The company's stock, categorized under the BSE Group 'B' with a face value of Rs. 10, had hit a 52-week high of Rs. 299.00 on November 8, 2024, and a 52-week low of Rs. 135.00 on March 26, 2024. Over the past week, the stock has ranged between a high of Rs. 234.00 and a low of Rs. 189.05. Shiva Texyarn's market capitalization currently stands at Rs. 262.82 crore.

Promoters hold 74.04% of the company, while Institutions and Non-Institutions hold 0.01% and 25.96%, respectively.

In a notable development, Shiva Texyarn has secured an order worth Rs. 9.06 crore (including all taxes and duties) from the Ministry of Defence, Department of Military Affairs, Indian Air Force. The order, for the supply of 21,333 pieces of NBC Haversack MK-II, is scheduled for delivery between January 18, 2025, and January 18, 2026.

The company specializes in manufacturing and marketing cotton yarn and textile products. It also has operations in wind power generation.