The stock of the company had made its market debut at Rs 176, a premium of virtually 26 per cent in the direction of the issue value of Rs 140. With the newest surge, the stock is now shopping for and promoting above its debut value.

Mumbai:

Shares of Standard Glass Lining Technology Limited (SGLTL) started the session in inexperienced presently at Rs 180 on the BSE in the direction of the sooner shut of Rs 178.80. The counter gained further to the contact the extreme of Rs 183.75. This is the second consecutive day when shares of the company have gained. The surge inside the value comes on the once more of strong quarterly outcomes. The stock has been gaining for the ultimate two days and has risen 6.48 per cent inside the interval. On technical parameters, the stock is shopping for and promoting bigger than 5-day, 20-day, 50-day, 100-day and 200-day shifting averages. 

Stock Trades Above Debut Price

The stock of the company had made its market debut at Rs 176, a premium of virtually 26 per cent in the direction of the issue value of Rs 140. With the newest surge, the stock is now shopping for and promoting above its debut value. 

This fall Results for FY25

The agency has launched audited financial outcomes for the fourth quarter and full financial yr ended March 31, 2025. The agency has reported a standalone net income of Rs 10.32 crore inside the quarter into consideration. This is a growth of seven.95 per cent from Rs 9.56 crore inside the corresponding quarter of the ultimate fiscal yr.

The agency’s standalone earnings from operations in Q4FY25 declined 14.76 per cent to Rs 55.75 crore from Rs 65.40 crore, year-on-year (YoY).

Tie Up With Japan’s AGI Group 

Earlier, the company launched an alliance with Japan’s AGI Group and its affiliate GL HAKKO to manufacture glass-lined shell and tube heat exchangers in India.

This collaboration grants SGLTL an distinctive 20-year license to assemble and market GL HAKKO’s glass-lined shell and tube heat exchangers in India, a launch talked about proper right here.

According to the discharge, India’s pharmaceutical and chemical industries have prolonged relied on graphite heat exchangers—an ageing experience recognized for particle contamination and batch failures.

With PTI inputs 

(This article is for informational capabilities solely and should not be construed as funding, financial, or completely different advice.)

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