Fiberweb wins export orders of Rs 10.9 crore

India Infoline News Service | Mumbai | August 28, 2017 15:12 IST

The shares of Fiberweb (India) soared by nearly 2% intraday during Monday’s trading session after the company informed that it has received an export order for value-added products of worth Rs 10.9 crore (USD 1.70 million) from the US market.

The shares of Fiberweb (India) soared by nearly 2% intraday during Monday’s trading session after the company informed that it has received an export order for value-added products of worth Rs 10.9 crore (USD 1.70 million) from the US market.

The company is engaged in producing spun bond non-woven fabric (technical textile) and its various converted products. There is continuous research and development and also an improvement by which company is able to get the value-added products.

The stock was trading up by 1.365 at Rs 328 per share on BSE at 1428 hours. It opened at Rs 327 per share. It touched its intraday high and low at Rs 333.45 and Rs 321.10 per share, respectively. The stock's 52-week high stood at Rs 389 and 52-week low was at Rs 78.50 per share.

Net profit of the company rose 229.74% to Rs 7.65 crore in the quarter ended Q1FY18 as against Rs 2.32 crore during the same period last year.

Fiberweb (India) is engaged in the business of manufacture of spunbond non-woven Fabrics from polypropylene. The company also manufactures and exports garbage bags and carrier bags. 

***Note: This is a BSE Chart

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