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Stock jumps 10% after receiving order worth ₹203 Cr for 281,128 tool kits

Prominent sewing machine manufacturer secured a ₹202.7 crore order for 2,81,128 units under the PM Vishwakarma Scheme, with supplies scheduled by September 30, 2026.

Introduction:

Leading sewing machine manufacturer received orders worth ₹202.7 crore for 2,81,128 units under the PM Vishwakarma Scheme, to be supplied by September 30, 2026, through government-linked aggregators of Kendriya Bhandar.

Also Read: Consumer electronics manufacturing stock jumps after its net profit increases by 100% in Q1

Share price movement of Singer India:

On July 23, 2025, Singer India Ltd opened at ₹72.10, up 9.11% from its previous close of ₹66.08. The stock hit a high of ₹74.00 and a low of ₹70.27. By 11:18 AM, it traded at ₹73.00, marking a 10.47% gain, with a market cap of ₹450.09 crore.

Singer India Secures ₹202.7 Cr Order Under PM Vishwakarma Scheme:

Singer India Ltd has received two purchase orders totaling ₹202.7 crore from aggregators of Kendriya Bhandar for the supply of 2,81,128 Singer sewing machine sets under the PM Vishwakarma Scheme.

The sewing machine sets, part of tool kits for the tailoring trade, include stands, tables, motors, and irons. The supply is to be completed by September 30, 2026. The overall contract is subject to conditions like ±25% quantity variation, government clearances, and monthly order allocation.

The contract was awarded to Kendriya Bhandar via a GEM Portal tender and is currently under judicial review in the Delhi High Court. However, there is no stay order preventing the fulfillment of supplies.

Ace investor holding in Singer India:

Rekha Jhunjhunwala

In Singer India Ltd, Rekha Jhunjhunwala holds a 6.89% stake, comprising 4,250,000 shares valued at ₹31.0 crore, reflecting her significant ownership in the company as per the latest shareholding data.

Gauri Tandon

Gauri Tandon holds a 2.20% stake in Singer India Ltd, owning 1,357,894 shares valued at ₹9.9 crore, indicating her notable investment in the company as per the latest records.

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

Singer India Ltd delivered a -1.56% return over the past week. It declined by 10.1% in the past six months. The stock dropped 19.2% over the past year.

Also Read: IT stock hits 20% upper circuit after reporting 200% YoY increase in net profits in Q1

Shareholding pattern of Singer India:

ParticularsJun 2025Mar 2025Dec 2024
Promoter31%31%31%31%
FII0%0%0%0%
DII1%1%1%1%
Public68.50%68.50%69%68.20%

About Singer India:

Singer India Ltd (BSE: 505729), incorporated in 1977, is engaged in manufacturing and trading of sewing machines, related accessories, and domestic appliances across the Indian market under the well-known Singer brand.

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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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