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Nuclear stock in focus after it forms JV with High Technology FZ-LLC in Abu Dhabi

Nuclear stock opens advanced Abu Dhabi center to meet seal demand and enhance regional presence.

Introduction:

A promising nuclear stock has established a state-of-the-art service center in Abu Dhabi to meet rising demand for mechanical seals. This strategic move strengthens its position in the region, ensuring seamless operations and exceptional customer support 24/7.

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Share Price movement of Sealmatic India :

On December 23, 2024, Sealmatic India Ltd opened at ₹579.05, down 4.96% from its previous close of ₹578.70. The stock reached a high of ₹592.50 and a low of ₹547.00. By 1:26 PM, it traded at ₹550.00, with a market cap of ₹497.75 crore.

Sealmatic India New Partnership:

Sealmatic India Limited has partnered with High Technology FZ-LLC to form SealTech Seals Repairs and Maintenance – L.L.C in Abu Dhabi, UAE. This 50:50 joint venture, located in the Musaffah Industrial Area, addresses growing mechanical seal demands in the region.

SealTech LLC, equipped with state-of-the-art machinery, will serve major clients like ADNOC, KSB, Sulzer, and EPCs such as Saipem and Worley. Experienced personnel from Sealmatic India will be deployed to ensure seamless operations and superior service delivery.

Situated in the Musaffah Industrial Area, a vital UAE economic zone, SealTech LLC is strategically positioned for growth. Vice President Samir Mullaji emphasized its 24/7 availability and commitment to delivering exceptional customer support year-round.

Also Read: Textile stock under ₹25 jumps after company to approve 1:1 bonus issue

Recent news About Sealmatic India :

On December 18, 2024, Sealmatic India Limited received in-principle approval to issue 3,93,000 equity shares at ₹637.10 each on a preferential basis to non-promoters, under SEBI regulations. This marks a significant development for the company’s capital structure.

Stock performance of Sealmatic India  for Period of 1 week, 6 months and 1 year:

Sealmatic India’s stock performance over the observed period shows a slight decline of 0.46% in the past week. Over six months, the stock faced a more significant drop of 12.3%, while the one-year return reflects a smaller decline of 0.96%.

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Also Read: Ambani group stock jumps 6% after it receives order worth ₹1,200 Cr

Shareholding pattern of Sealmatic India :

SummarySep-24Mar-24
Promoter 72.40%72.40%
FII0%0%
DII 0.10%2.90%
Public27.50%24.70%

About Sealmatic India :

Sealmatic India specializes in manufacturing high-performance mechanical seals, catering to industries like oil and gas, chemical, and power. Renowned for its innovation and quality, the company delivers reliable sealing solutions, ensuring operational efficiency and safety for global clients.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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₹25 से कम कीमत वाले टेक्सटाइल स्टॉक में उछाल, कंपनी ने 1:1 बोनस शेयर इश्यू की योजना बनाई।

₹25 से कम कीमत के टेक्सटाइल शेयर में उछाल, कंपनी ने 1:1 बोनस जारी करने का निर्णय लिया।

टेक्सटाइल ब्रांड 25 दिसंबर 2024 को बोर्ड बैठक आयोजित करेगा, जिसमें 1:1 बोनस शेयर इश्यू, अधिकृत शेयर पूंजी बढ़ाने