Loyal Equipments surges on bagging new work order worth Rs 15.10 crore

Loyal Equipments is currently trading at Rs. 36.65, up by 0.35 points or 0.96% from its previous closing of Rs. 36.30 on the BSE.

Loyal Equipments

Loyal Equipments

The scrip opened at Rs. 39.90 and has touched a high and low of Rs. 39.90 and Rs. 34.45 respectively. So far 9822 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 50.05 on 31-Dec-2021 and a 52 week low of Rs. 25.25 on 29-Oct-2021.

Last one week high and low of the scrip stood at Rs. 39.90 and Rs. 31.20 respectively. The current market cap of the company is Rs. 37.38 crore.

Loyal Equipments The promoters holding in the company stood at 73.53%, while Non-Institutions held 26.47% stake in the company.

Loyal Equipments has received new work order for worth Rs 15.10 crore from GAIL (India). The order is for engineering, procurement, manufacturing, inspection and supply of heat exchanger fin tube. The order is expected to be executed in 11 months.

Loyal Equipments is the exporter, supplier and manufacturer of pressure vessels, chimney pressure vessels, cylindrical pressure vessels, high pressure vessels, membrane pressure vessels, custom pressure vessels.