Axita Cotton, NSE: AXITA, shares prolonged their features for the third straight session on Thursday after the cotton ginning company knowledgeable exchanges about bagging a main order from Bangladesh.
The counter opened in inexperienced at Rs 61.55 apiece and rallied practically 2 per cent to cite at Rs 63 round 1 PM.Â
The Gujarat-based company has in a regulatory submitting knowledgeable that it has obtained order value USD 3.28 million from neighbouring Bangladesh. The newest order is addition to the company’s current current orders from Bangladesh value USD 2.71 million from numerous spinning mills for uncooked cotton. Its present order e book, as on April 6, now stands at Rs 49.20 crore.
Axita Cotton’s new order contains of international consumers and might be shipped over the following 3 months, the submitting stated.
“This is a significant milestone for the company,” Kushal Nitinbhai Patel, MD, Axita Cotton, stated.
Axita Cotton is a main uncooked cotton producer and exporter. The smallcap company has greater than doubled its buyers’ cash in simply six months. It the final one 12 months, the stock has made its shareholders ricer by a huge 245 per cent.
