Texmo Pipes and Products stock hits 5% upper circuit after receiving orders worth Rs121.59cr

The order is said to be executed within 6-7 months.

Aug 10, 2021 11:08 IST India Infoline News Service

Texmo Pipes and Products stock has hit the upper circuit limit on Tuesday after the company bagged orders worth Rs121.59cr from multiple contractors of HDPE Pipes.

The order is said to be executed within 6-7 months.

Notably, Promoters / Promoter Group do not have any interest in the entity that has awarded the order and the same do not fall under the "Related Party Transactions".

At around 11.45  AM, Texmo Pipes was trading at the upper price band of Rs54.75 per piece up 4.99% on Sensex. 

Related Story

Open Free Demat Account (Rs699)