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Texmo Pipes zooms 67% in 4 days on order win worth Rs 813 million from L&T

The stock of the plastic products company hit a 52-week high of Rs 39, surging 67% in past four trading days from Rs 23.35 on Monday.

SI Reporter  |  Mumbai 

HDPE pipes image via Shutterstock.
HDPE pipes image via Shutterstock.

Shares of have surged 20% to Rs 39 per share, extending their past three days rally on the National Stock Exchange (NSE) after the company received order worth of from (L&T).

The stock of company trading at its has zoomed 67% in past four trading days from Rs 23.35 on Monday. In comparison, the Nifty 50 index was down marginally 0.09% during the same period.

“The Company has received an order of worth from Limited, Chennai. The execution period of the aforesaid order is 9 months,” said in a regulatory filing on Tuesday, September 4, 2018.

At 12:21 pm; the stock was trading 19.7% higher at Rs 38.90 on back of an over four-fold jump in trading volumes. A combined 7.45 million equity shares changed hands on the counter on the and so far.


First Published: Fri, September 07 2018. 12:25 IST
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