Frontier Springs Limited bags first order for supply of Air Springs

Frontier Springs Limited has been approved for supply of Air Springs and has also got the first order worth Rs 2 crores. The orders in pipeline are good which will be reflective in the turnover of the company for the coming quarters and add on to the profitability of the Company.

Further, the orders for LHB Springs are in pipeline and the company is investing in its plant and machinery through its internal accruals.

The company is the only Company which is into manufacturing of both Coil Springs and Air Suspension.

Shares of FRONTIER SPRINGS LTD. was last trading in BSE at Rs. 263.80 as compared to the previous close of Rs. 263.30. The total number of shares traded during the day was 1715 in over 34 trades.

The stock hit an intraday high of Rs. 267.00 and intraday low of 257.30. The net turnover during the day was Rs. 452127.00.

Source : Equity Bulls

Keywords

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