Sky Industries Ltd wins order

Sky Industries Limited ("the Company) has procured an order of Rs. 246.09 Lakhs from a major Automobile player in India. This will add significantly to the revenue and profitability of the Company.

The said order falls under the normal course of business and is done at arm's length basis. The Company neither has any interest in this entity that awarded the order nor falls within the related party transactions.

With this order, the Company has forayed into the supply of its products in the Automobile Original Equipment Manufacturer (OEM) Segment in a significant way. The Company continuously strives to deliver quality offerings and over a period of time has established itself as a major provider of Fastening Solutions (related to Hook & Loop tape fasteners) in the Country.

Shares of SKY INDUSTRIES LTD. was last trading in BSE at Rs. 91.90 as compared to the previous close of Rs. 88.35. The total number of shares traded during the day was 1486 in over 40 trades.

The stock hit an intraday high of Rs. 94.00 and intraday low of 87.00. The net turnover during the day was Rs. 134879.00.

Source : Equity Bulls

Keywords

SKYINDUSTRIES INE765B01018 OrderWin