Introduction:
Textile stock has secured a significant defense order to supply 16,000 NBC Suit Permeable MK V pairs, showcasing its manufacturing excellence and commitment to supporting India’s defense sector with quality products and timely deliveries.
Share Price movement of Shiva Texyarn:
On January 3, 2025, Shiva Texyarn Ltd opened at ₹228.40, up 2.61% from its previous close of ₹222.59. The stock reached an intraday high of ₹249.00 (11.89%) and a low of ₹221.55. By the current trading time, it stands at ₹235.49 (5.80% increase), with a market cap of ₹305.26 crore.
Shiva Texyarn share price rise:
Shiva Texyarn Limited has secured a ₹36.19 crore order from the Ministry of Defence, Indian Air Force, to supply 16,000 NBC Suit Permeable MK V pairs. The order highlights the company’s strategic alignment with India’s defense procurement initiatives.
The order, classified as domestic, mandates delivery between January 3, 2025, and August 31, 2025. The contract adheres to general terms and conditions, showcasing Shiva Texyarn’s manufacturing expertise and its ability to fulfill high-value defense requirements efficiently.
This development emphasizes Shiva Texyarn’s growing role in catering to defense needs while reinforcing its commitment to quality and timely execution. The order underlines its strategic capabilities, fostering long-term business opportunities within India’s defense sector.
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Recent news About Shiva Texyarn :
On November 15, 2024, Shiva Texyarn Ltd informed about the loss of a share certificate as reported by a shareholder. Details were received from Registrar and Share Transfer Agents, Link Intime India Pvt Ltd, and reported to regulatory authorities.
Ace investor holding of Shiva Texyarn:
Ashok Kumar Jain holds a significant stake in Shiva Texyarn Ltd., owning 2,41,571 shares valued at ₹5.7 crore. His investment reflects confidence in the company’s growth potential within the textile sector, showcasing strategic alignment with its promising prospects.
Stock performance of Shiva Texyarn for Period of 1 week, 6 months and 1 year:
Shiva Texyarn exhibited a mixed stock performance, with a 1-week decline of 1.04%, a notable 6-month growth of 18.9%, and an impressive 1-year return of 48.3%, reflecting its steady long-term growth potential despite short-term fluctuations.
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Shareholding pattern of Shiva Texyarn:
| All values in % | Sep-24 | Jun-24 | Mar-24 |
| Promoters | 74.04 | 74.04 | 74.04 |
| FII | 0 | 0.23 | 0 |
| DII | 0.01 | 0.01 | 0.01 |
| Retail & others | 25.94 | 25.72 | 25.95 |
About Shiva Texyarn:
Shiva Texyarn specializes in textile manufacturing, offering innovative products across technical textiles, defense textiles, and industrial applications. With a strong focus on quality and innovation, the company has established a prominent presence in both domestic and international markets.
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.
