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Akshar Spintex jumps on securing international order worth Rs 171 crore

Akshar Spintex Ltd. | Textile | Textiles & Apparels | BSE: 541303 | NSE: AKSHAR

23 Nov 2023 Evaluate

Akshar Spintex is currently trading at Rs. 7.51, up by 0.15 points or 2.04% from its previous closing of Rs. 7.36 on the BSE.

The scrip opened at Rs. 7.70 and has touched a high and low of Rs. 7.72 and Rs. 7.10 respectively. So far 6895943 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 8.40 on 01-Aug-2023 and a 52 week low of Rs. 4.85 on 16-Jan-2023.

Last one week high and low of the scrip stood at Rs. 7.72 and Rs. 6.07 respectively. The current market cap of the company is Rs. 187.49 crore.

The promoters holding in the company stood at 43.75%, while Non-Institutions held 0. 56.25% stake in the company.

Akshar Spintex has secured international order worth Rs 171 crore from Beximcorp Textiles, Tejgaon, Dhaka for Supplying 7400 MT Processed Cotton Yarn. The work has to be completed in 4 Phases within 18 months from the date of acceptance. The Release Order has been awarded on ‘current Item rate Basis’.

This considerable order serves as a testament to the global acknowledgment of the quality, reliability, and competitiveness of Akshar Spintex's products in the international textile market. The securing international orders strengthen its market presence, positioning Akshar Spintex as a preferred supplier on the global stage.

Akshar Spintex is engaged in the manufacturing of cotton yarn. The company manufactures 100% cotton yarn which includes combed, semi-combed and carded yarn. The company’s activities include manufacturing, marketing of raw cotton, cotton bales, cotton seeds, yard and by-products. Plant is located in vicinity of main raw material i.e. sankar cotton.

Akshar Spintex Share Price

0.51 -0.01 (-1.92%)

17-Apr-2026 16:59 View Price Chart

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Akshar Spintex jumps on securing international order worth Rs 171 crore

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