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24 April, 2024 10:39 IST
Fiberweb gains on bagging export order for Rs 154 mn
Source: IRIS | 06 Dec, 2016, 10.58AM
Rating: NAN / 5 stars.
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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.

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