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Stone India jumps on designing environment friendly Bio-Toilet system

10 Jan 2012

Stone India is currently trading at Rs. 35.10, up by 1.15 points or 3.39% from its previous closing of Rs. 33.95 on the BSE.

The scrip opened at Rs. 34.70 and has touched a high and low of Rs. 36.60 and Rs. 32.65 respectively. So far 86933 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 69.20 on 13-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. 36.60 and Rs. 28.55 respectively. The current market cap of the company is Rs. 25.30 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 designed an unique environment friendly Bio-Toilet system named Enbiolet. The product has been approved by Department of Scientific and Industrial Research, Ministry of Science & Technology, Government of India for a grant of Rs 2.88 crore under its TDDP (Technology Demonstration and Development Program) for mass scale adaptation across India to eliminate open defecation and manual scavenging.

Earlier in December, the company received a major export order from ASEAN market worth $1.3 million for freight car upgradation.

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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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323