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Sangam (India) advances on order inflow

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rose 5.83% to Rs 285.95 at 14:28 on after the company said it is witnessing an upsurge in sales in FY 2018.

The announcement was made during market hours today, 17 May 2017.

Meanwhile, the S&P Sensex was up 79.85 points or 0.26% at 30,662.45. The S&P Small-Cap index was down 6.38 points or 0.04% at 15,703.21.

On the BSE, 6,658 shares were traded on the counter so far as against the average daily volumes of 15,496 shares in the past one quarter. The stock had hit a high of Rs 292.85 and a low of Rs 276.45 so far during the day.

The stock had hit a record high of Rs 325 on 1 November 2016 and a 52-week low of Rs 225 on 21 November 2016. It had underperformed the market over the past one month till 16 May 2017, declining 2.44% compared with the Sensex's 3.81% rise. The scrip had also underperformed the market over the past one quarter, advancing 1.94% as against the Sensex's 8.06% rise.

The small-cap company has equity capital of Rs 39.42 crore. Face value per share is Rs 10.

said it has bagged new orders amounting Rs 31.22 crore in the last 30 days for polyester-viscose fabrics and denim. The company has orders worth Rs 240.63 crore on hand, including export orders worth Rs 125.60 crore. The company is targeting export revenue of Rs 450 crore in FY 2018.

Sangam (India)'s net profit fell 71.5% to Rs 4.43 crore on 1.5% decline in net sales to Rs 349.36 crore in Q3 December 2016 over Q3 December 2015.

is one of the largest manufacturers of polyester dyed yarn in The company also has strong presence in the Indian synthetic blended fabric segment with brands like Anmol and Sangam.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 17 2017. 14:29 IST