Introduction:
Leading manufacturer has secured a substantial export order worth USD 11.67 million (₹98 crore) from a new international client. The order involves supplying a Multi Effect Evaporator for a Zero Liquid Discharge Plant, with a 9-month completion timeline.
Also Read: Stock hits 5% upper circuit after company announces fundraise
Share price movement of Mazda:
On December 19, 2024, Mazda Ltd. opened at ₹1,399.55, up 0.23% from its previous close of ₹1,406.15. The stock reached a high of ₹1,540.00 (9.52%) and a low of ₹1,374.05. By 4:00 PM, it traded at ₹1,493.80, a 6.23% increase, with a market cap of ₹598.27 crore.
Mazda receives USD 11.67 million order:
Mazda Limited has received a significant export purchase order worth USD 11.67 million (₹98 crore) from a new international customer. The company has not disclosed the customer’s name due to commercial reasons.
The order pertains to the manufacturing and supply of a Multi Effect Evaporator for a Zero Liquid Discharge (ZLD) Plant, with a scheduled execution period of 9 months. This contract further strengthens Mazda’s position in the international market.
Mazda Limited confirmed that the export order does not involve any related-party transactions. The company also clarified that there is no interest or connection between the awarding international entity and Mazda’s promoters or group companies, ensuring arm’s-length dealings.
Also Read: Energy, Made in India: India’s Rise to Become An Energy Superpower
Ace investor holding in Mazda:
Sharad Kanayalal Shah
Sharad Kanayalal Shah holds a 3.06% stake in Mazda Ltd, with 122,600 shares valued at ₹18.3 crore. His investment underscores a significant position in the company, reflecting confidence in its growth and performance.
Stock performance of Mazda for Period of 1 week, 6 months and 1 year:
Mazda Ltd has shown strong performance, with a 7.25% return over the past week, 5.28% over the last 6 months, and an impressive 22.8% return over the past year, reflecting its steady growth and market confidence.
Also Read: Chemical stock jumps 12% after FIH investments bought 1.89 Lakh shares in the company
Shareholding pattern of Mazda:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 48.50% | 48.30% | 48.30% |
| FII | 0.20% | 0.20% | 0.20% |
| DII | 0.10% | 0% | 0.10% |
| Public | 51.20% | 51.40% | 51.40% |
About Mazda:
Mazda Ltd. (NSE: MAZDA) was incorporated in 1990 and began operations in 1992. It manufactures engineering goods like vacuum pumps and pollution control equipment and has diversified into biotechnology with a focus on research and development.
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.
