Stone India has surged 13% to Rs 50 after the company said it received first export order from China.
“The company has made a break through with a Chinese Freight Car builder and received the first ever export order for their proprietary brake system,” Stone India said in a statement.
The contract is valid for supply of the system for a period of one year. This opens up a major export market for the company, it added.
However, the company not disclosed the amount of contract.
The stock opened at Rs 43.55 and touched a 52-week high of Rs 53 on BSE. The trading volumes on the counter more than doubled with 89,000 shares changed hands so far.
“The company has made a break through with a Chinese Freight Car builder and received the first ever export order for their proprietary brake system,” Stone India said in a statement.
The contract is valid for supply of the system for a period of one year. This opens up a major export market for the company, it added.
However, the company not disclosed the amount of contract.
The stock opened at Rs 43.55 and touched a 52-week high of Rs 53 on BSE. The trading volumes on the counter more than doubled with 89,000 shares changed hands so far.
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