Fiberweb India has received a new repeat order from USA for Rs 14.1 crore. The delivery of this report order is spread across several months. The company was able to get this order for converted product with better margin. The order book of the company with this order stands at Rs 101.1 crore.
Fiberweb India is trading in green on BSE. In the last one year, the stock has been a multi-bagger and has surged by over 837%,
outperforming the Small-cap index, and is currently trading with a P/E of 19.90.
UTI Mutual Fund is the top fund house which has invested in the stock of the company.
Stock view:
Fiberweb (India) Ltd is currently trading at Rs 202, down by Rs 0.85 or 0.42% from its previous closing of Rs 202.85 on the BSE.
The scrip opened at Rs 204 and has touched a high and low of Rs 209.8 and Rs 197.6 respectively. So far 58022(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 255.51 crore.
The BSE group 'XD' stock of face value Rs 10 has touched a 52 week high of Rs 222 on 30-Jan-2017 and a 52 week low of Rs 19.85 on 08-Feb-2016. Last one week high and low of the scrip stood at Rs 218 and Rs 195.5 respectively.
The promoters holding in the company stood at 63.77 % while Institutions and Non-Institutions held 2.79 % and 33.45 % respectively.
The stock is currently trading above its 50 DMA.
Source: indiainfoline.com