Coimbatore based textile manufacturing company, Shiva Texyarn is making some news today. The stock opened over 3.5% higher at Rs.235 and went on to Rs.272, just a tad away from hitting its 20% UC of the day at Rs.272.45. As against less than 2500 shares being traded on a two-week average, today some 15k shares have changed hands.
The company yesterday after market hours announced receipt of an order from Government of India, Ministry of Defence for supply of 35,000 NBC HAVERSACK MK-11 (Bags for Defence Personnel) worth Rs.12 crore.
In Feb, Vedanayagam Hospital acquired 72.17% stake in Shiva, wherein now from being a Associate company, Vedenayagam is now the Holding company of Shiva Texyarn. Promoters holding is currently at 74.04%.