Sybly Industries Wins New Order

Sybly Industries on January 17 is trading with gains. In the recent developments, the company has secured an order worth 102 million pounds for its green fibre polyester yarn, from Barcelona in Spain. The order is to be executed within the next 12 months.  

On YoY performances, the stock of the company has given a handsome return. The stocks has surged by 44.10% in the last one year. On a three year, annualised basis, it has given a return of 66.57%. In the period of one year, the stock has outperformed the S&P 500 and the Small-cap index.

Sybly Industries is engaged in the manufacturing of polyester yarn and mercerised cotton yarn.The product range of the company includes Single Yarn, Cord Yarn, Dyed Polyster Yarn, Polyster Viscos Yarn, Mercerised Cotton Yarn and Polyster Threads Yarn.

Sybly Industries Ltd is currently trading at Rs 6.82, down by Rs 0.03 or 0.44% from its previous closing of Rs 6.85 on the BSE. The scrip opened at Rs 6.96 and has touched a high and low of Rs 6.96 and Rs 6.72 respectively. So far 188551(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 27.89 crore.

The BSE group 'XD' stock of face value Rs 10 has touched a 52 week high of Rs 14.5 on 22-Aug-2016 and a 52 week low of Rs 2.67 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs 7.41 and Rs 6.67 respectively.

The promoters holding in the company stood at 23.78 % while Institutions and Non-Institutions held 0 % and 76.22 % respectively. The stock is currently trading above its 200 DMA.

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