This company announces quarterly results, shares to remain in focus: Check full details here
Earlier this year, the shares of the company got listed with a premium of nearly 26 per cent against the issue price of Rs 140 on Monday.
बंपर कमाई कराने वाले 3 पेनी स्टॉक्स
Standard Glass Lining Technology Limited has announced its quarterly results, reporting a 3.2 per cent year-on-year increase in profit after tax in the second quarter of the financial year 2025-16. The company's total income surged to Rs 188 crore, a jump of 5.6 per cent YoY, showcasing a steady growth trajectory. Despite the company's EBITDA declining 1.8 per cent to Rs 34 crore, this steady growth instills confidence in the company's performance.
Meanwhile, the board of directors of the company has approved a proposal to rename the company to Standard Engineering Technology Limited. This strategic transition embodies the Company's evolution from a single-product manufacturer into a comprehensive precision-engineering enterprise, offering design-to-water-trial solutions under one roof.
The stock began the trading session in the red at Rs 175 on the BSE against the previous close of Rs 178.55. It briefly touched the intraday high of Rs 179.30. Last seen, it was trading at Rs 169, representing a fall of 5.35 per cent from the previous close. The market cap of the company stood at Rs 3,371.41 crore.
Earlier this year, the shares of the company got listed with a premium of nearly 26 per cent against the issue price of Rs 140 on Monday.
The stock made its market debut at Rs 176, rallying 25.71 per cent from the issue price on the BSE. Later, it surged 29.78 per cent to Rs 181.70. At the NSE, it listed at Rs 172, up 22.85 per cent.
The initial share sale of Standard Glass Lining Technology Ltd received a huge 182.57 times subscription on the final day of bidding on Wednesday.
The Rs 410.05-crore Initial Public Offering (IPO) had a price band of Rs 133-140 per share. Standard Glass Lining Technology offers comprehensive solutions that encompass design, engineering, manufacturing, assembly, installation, and commissioning and establishing standard operating procedures for pharmaceutical and chemical manufacturers on a turnkey basis.
With PTI inputs
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