The inventory of the corporate had made its market debut at Rs 176, a premium of practically 26 per cent towards the difficulty worth of Rs 140. With the latest surge, the inventory is now buying and selling above its debut worth.

Mumbai:

Shares of Standard Glass Lining Technology Limited (SGLTL) began the session in inexperienced at this time at Rs 180 on the BSE towards the earlier shut of Rs 178.80. The counter gained additional to the touch the excessive of Rs 183.75. This is the second consecutive day when shares of the corporate have gained. The surge within the worth comes on the again of robust quarterly outcomes. The inventory has been gaining for the final two days and has risen 6.48 per cent within the interval. On technical parameters, the inventory is buying and selling larger than 5-day, 20-day, 50-day, 100-day and 200-day shifting averages. 

Stock Trades Above Debut Price

The inventory of the corporate had made its market debut at Rs 176, a premium of practically 26 per cent towards the difficulty worth of Rs 140. With the latest surge, the inventory is now buying and selling above its debut worth. 

This fall Results for FY25

The firm has introduced audited monetary outcomes for the fourth quarter and full monetary yr ended March 31, 2025. The firm has reported a standalone web revenue of Rs 10.32 crore within the quarter into account. This is a development of seven.95 per cent from Rs 9.56 crore within the corresponding quarter of the final fiscal yr.

The firm’s standalone income 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 corporate introduced an alliance with Japan’s AGI Group and its affiliate GL HAKKO to fabricate glass-lined shell and tube warmth exchangers in India.

This collaboration grants SGLTL an unique 20-year license to assemble and market GL HAKKO’s glass-lined shell and tube warmth exchangers in India, a launch mentioned right here.

According to the discharge, India’s pharmaceutical and chemical industries have lengthy relied on graphite warmth exchangers—an ageing expertise identified for particle contamination and batch failures.

With PTI inputs 

(This article is for informational functions solely and shouldn’t be construed as funding, monetary, or different recommendation.)

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