Flat Products goes elliptical on order strength

DALAL STREET SPIKES

Flat Products Equipments (India) went up above 8 per cent to Rs 109.35 from its yesterday close of Rs 101.15. The stock movement was triggered by the company's announcement of bagging a prestigious order from a Vietnamese firm Lotus Joint Stock Company despite tough international competition.

The stock had soared above 3 per cent on Wednesday ahead of the announcement. The company manufactures galvanising lines, tension lines, skin pass mills, mill automation equipments etc, for ferrous and non-ferrous industries. It also undertakes complete revamping and modernisation of older mill equipment.