Stock in News: This small-cap company receives a mega order from Reliance Industries!

Praveenkumar Yadav
/ Categories: Trending, Mindshare
Stock in News: This small-cap company receives a mega order from Reliance Industries!

Shares of the company have gained more than 18 per cent in the last one month.

On May 5, 2023, De Nora India Limited reported in the exchange filing that the company has been awarded a contract from Reliance Industries Limited, for recoating elements.  

The order includes re-coating of anode and cathode pans which includes, inspection of anode and cathode pan, removal of louvres for repairing, repairing of louvres for pitting, recoating of louvres, inspection of anode and cathode pan after removal of louvres, repairs of anode & cathode pan if required, refitting of louvres, planarity checking of louvres, inspection of pans, packing of all pans for dispatch. The order is worth Rs 48,00,00,648.

De Nora India Ltd is a subsidiary of the multinational company De Nora Group, Italy. The company is engaged in the manufacturing, refurbishing and selling of Cathode and Anode, Electrochlorinators and Cathodic Protection Systems. 

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On Friday, the stock opened at Rs 1156.10 and touched a high and low of Rs 1159.15 and Rs 1075.95. The stock closed trading at 1106.55, up by 1.71 per cent.  

The stock has a 52-week high of Rs 1169 and a 52-week low of Rs 590.05. The company has a ROCE of 29.6 per cent and an ROE of 22.1 per cent. The company is a constituent of group A stocks with a market capitalisation of Rs 589 crore.    

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