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Stone India zooms on bagging major export deal worth $1.3 million

23 Dec 2011 Evaluate

Stone India is currently trading at Rs 28.35, up by 2.45 points or 9.46% from its previous closing of Rs 25.90 on the BSE.

The scrip opened at Rs 26.50 and has touched a high and low of Rs 28.70 and Rs 25.95 respectively. So far 13,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 72.00 on 03-Jan-2011 and a 52 week low of Rs 23.20 on 25-Oct-2011.

Last one week high and low of the scrip stood at Rs 28.70 and Rs 24.05 respectively. The current market cap of the company is Rs 19.67 crore.

The promoters holding in the company stood at 31.45% while Institutions and Non-Institutions held 1.41% and 67.15% respectively.

Stone India has received a major export order from ASEAN market worth $1.3 million for freight car upgradation. The company has recently executed a Memorandum of Understanding (MoU) with Voith Turbo Scharfenberg GmbH & Co, KG, Germany for Indian railways coupler business.

Stone India, a multi-product engineering company located in Kolkata, has been serving the Indian rail road industry for over seven decades now. A pioneer in brake systems and train lighting alternators is the undisputed leader in locomotive brake systems and has a wide range of mechanical and electrical products for the rail road industry.

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