Fiberweb (India) witnessed a rise in share price on Tuesday after the company has bagged export order worth Rs 154 million from USA, which is a very competitive market.
The company has been able to procure this order for converted products with better margin. This is a repeat order and the delivery is after six months as there is over-booked position of orders in the company.
Shares of Fiberweb (India) are trading at Rs 132.00, up Rs 4.35, or 3.41% at the Bombay Stock Exchange (BSE) on Tuesday at 10:40 a.m.
The scrip has touched an intra-day high of Rs 133.00 and low of Rs 126.00. The total volume of shares traded at the BSE is 11,710.