Arfin India shines after new order win

Arfin India rose 3.97% to Rs 488.95 at 15:12 IST on BSE after the company bagged an order worth Rs 170 crore from JSW Steel for supply of various aluminium and cored wire products.

The announcement was made during market hours today, 20 March 2018.

Meanwhile, the S&P BSE Sensex was up 97.09 points or 0.29% at 33,020.21. The S&P BSE Small-Cap index was off 24.22 points, or 0.14%, to 17,204.16.

On the BSE, 5,819 shares were traded on the counter so far as against the average daily volumes of 1,262 shares in the past two weeks. The stock had hit a high of Rs 507.90 and a low of Rs 465 so far during the day. The stock had hit a record high of Rs 597 on 15 February 2018. The stock had hit a 52-week low of Rs 153.33 on 14 August 2017.

The small-cap company has equity capital of Rs 12.15 crore. Face value per share is Rs 10.

Arfin India has bagged purchase orders worth Rs 170 crores from JSW Steel for supply of various aluminium deox products and various cored wire products for the year 2018-19.

Arfin India's net profit rose 115.03% to Rs 7.01 crore on 35% growth in net sales to Rs 119.31 crore in Q3 December 2017 over Q3 December 2016.

Arfin India is engaged in manufacturing aluminum products. The company forayed itself as in the aluminum recycling and ferro alloys segment in the year 2001. It is a registered member of the Aluminum Association of India, BIR (Bureau of International Recycling) and MRAI (Metal Recycling Association of India).

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