Tulsi Extrusions shoots up on bagging cumulative order worth Rs. 25.00 crore

31 Oct 2012

Tulsi Extrusions is currently trading at Rs. 7.89, up by 0.32 points or 4.23% from its previous closing of Rs. 7.57 on the BSE.

The scrip opened at Rs. 7.45 and has touched a high and low of Rs. 7.89 and Rs. 7.35 respectively. So far 5,035 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 12.75 on 27-Jan-2012 and a 52 week low of Rs. 6.95 on 24-Aug-2012.

Last one week high and low of the scrip stood at Rs. 8.00 and Rs. 7.30 respectively. The current market cap of the company is Rs. 23.00 crore.

The promoters holding in the company stood at 25.65% while Non-Institutions held 73.98% respectively.

Tulsi Extrusions has bagged cumulative order worth Rs. 25.00 crore from 125 dealers at its Rajasthan Regional Dealer’s Conference held on October 25, 2012 at Jaipur for supply of various sizes of pipes and fittings viz. PVC, LLDPE and HDPE Sprinkler, which will be delivered by January, 2013.

The Company expects to have benefit from the above order which is backed by immediate payment terms and amid ongoing global economy scenario in the market and tough competition, the company is determined to reach its revenue targets.

Tulsi Extrusions is engaged in the manufacturing and trading of PVC, HDPE & LLDPE pipes and fittings with an installed capacity of 24,833.08 MTPA as on March 31, 2010 at Jalgaon. The company’s product offering includes PVC pipes, PVC fabricated fittings, PVC casing and screen pipes, ASTM plumbing pipes and fittings, LLDPE pipes and fittings, HDPE pipes and fittings, SWR pipes and fittings, moulded fittings and elastomeric sealing pipes.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323