Texmo Pipes & Products rose 12.76% to Rs 27.40 at 10:32 IST on BSE after the company said it received orders of HDPE pipe worth Rs 81.30 crore from Larsen & Toubro.
The announcement was made after market hours yesterday, 4 September 2018.Meanwhile, the S&P BSE Sensex was down 37.52 points, or 0.10% to 38,120.40.
On the BSE, 2.04 lakh shares were traded in the counter so far compared with average daily volumes of 1.17 lakh shares in the past two weeks. The stock had hit a high of Rs 27.75 and a low of Rs 26.30 so far during the day. The stock hit a 52-week high of Rs 34.75 on 27 November 2017. The stock hit a 52-week low of Rs 14.20 on 17 July 2018.
Texmo Pipes & Products said it has received an order of HDPE pipe worth Rs 81.30 crore from Larsen & Toubro, Chennai. The execution period of the aforesaid order is 9 months.
Net profit of Texmo Pipes & Products rose 106.25% to Rs 0.99 crore on 14.65% rise in net sales to Rs 83.80 crore in Q1 June 2018 over Q1 June 2017.
Texmo Pipes and Products is specialized in manufacturing of rigid PVC, CPVC, UPVC, SWR, HDPE, suction, coloumn, casing and gardern pipes and fittings.
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