Mumbai, October 16 (Udaipur Kiran): Shares of Indobell Insulations surged over 5% in Wednesday’s trade after the company announced it had secured a new order worth Rs 2.56 crore for the supply and application of insulation. The stock was trading at Rs. 97.00, up by 5.55%, compared to its previous close of Rs. 91.90 on the BSE.
The scrip opened at Rs. 100.95 and touched a high of Rs. 100.95 and a low of Rs. 95.00 during the session. Around 6,750 shares were traded on the counter, with the company’s market capitalization standing at Rs. 63.00 crore.
As per the company’s disclosure, the newly bagged order, valued at Rs. 2.56 crore, is expected to be executed within five months. The contract involves the supply and application of insulation, strengthening the company’s project pipeline for the coming quarters.
The promoters currently hold 65% stake in the company, while institutions and non-institutions own 0.90% and 34.10%, respectively.
Indobell Insulations is engaged in the manufacturing and export of insulation products and also provides specialized industrial insulation services, catering to various sectors across India and abroad.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.