29 Aug 2025

Shiv Texchem Gains on BSE After Securing RS 10.72 Crore Order from GNFC

Shiv Texchem is currently trading at RS 269.00, up by 7.70 points or 2.95% from its previous closing of RS 261.30 on the BSE.

The stock opened at RS 261.50 and recorded a high of RS 270.00 and a low of RS 257.00. A total of 20,800 shares have been traded so far.

The BSE group 'M' stock, with a face value of RS 10, touched a 52-week high of RS 417.00 on December 12, 2024, and a 52-week low of RS 202.10 on February 18, 2025. Over the past week, the stock’s high and low were RS 285.50 and RS 257.00 respectively. The company’s current market capitalization stands at RS 623.33 crore.

The promoters hold 73.65% stake in the company, while institutions and non-institutions hold 8.69% and 17.65% respectively.

In a key development, Shiv Texchem has received a Letter of Acceptance (LoA) from Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) for the supply of toluene. The order, valued at RS 10.72 crore, is scheduled to be executed by August 2025.

Shiv Texchem is engaged in the business of importing and distributing hydrocarbon-based chemicals, which serve as essential raw materials for industries such as paints, coatings, printing inks, agro-chemicals, polymers, pharmaceuticals, and industrial chemicals.