SBC Exports bags work order worth Rs36 crore from Dubai; Stock gains 4%

21 Oct 2022 , 02:37 PM

SBC Exports Limited stock rally on Friday’s trading session as the company received export order from a Dubai-based Company.

As per the filing, the Company has received an Export Order for supply of various Garment articles including T-Shirts, Trousers, Shorts etc. for a value of US $4397750.00 (Rs36.06 crore Approx) from GAWGEE BROTHERS WHOLESALERS CO. LLC, a Dubai based Textile Company.

“Our Company was consistently striving to enter in the Global market and this Export order can be seen as the key to unlock new opportunities outside the country”, the company said in a regulatory filing.

At around 2:34 PM, SBC Exports was trading at Rs9.03 per share higher by 3.91% as against previous closing of Rs8.69 per share on the BSE.

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