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Fiberweb India rises on bagging export orders worth Rs 15.2 crore

12 Dec 2017 Evaluate

Fiberweb (India) is currently trading at Rs. 322.95, up by 4.80 points or 1.91% from its previous closing of Rs. 318.15 on the BSE.

The scrip opened at Rs. 320.00 and has touched a high and low of Rs. 328.00 and Rs. 320.00 respectively. So far 4,287 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 389.00 on 16-May-2017 and a 52 week low of Rs. 147.00 on 26-Dec-2016.

Last one week high and low of the scrip stood at Rs. 334.65 and Rs. 305.15 respectively. The current market cap of the company is Rs. 464.99 crore.

The promoters holding in the company stood at 49.03%, while Institutions and Non-Institutions held 2.47% and 48.51% respectively.

Fiberweb (India) has received export orders worth Rs 15.2 crore ($2.34 million) for newly established first phase of expansion plan Melt Blown products. USA and other countries have great demand of this products and this is the only first order as beginning which will keep machine busy beyond March, 2018.

The Melt Blown products are special highly technical process and the company has just started trial production from November 1, 2017. The product was tested in laboratory in USA and the samples were sent to existing customers who started the orders. The company expects that shortly it may be booked for full next year.

Fiberweb India is engaged in manufacturing and exporting of Non-Woven Spun Bonded Polypropylene Fabric across the world.


Fiberweb India Share Price

37.90 0.99 (2.68%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Welspun Living 133.75
Vardhman Textiles 580.60
Arvind 435.40
K.P.R. Mill 954.80
Page Industries 37326.50
View more..

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