Penny stock return: There is a huge demand for the shares of Filatex Fashion, a small cap company of the textile sector. Last Friday, the stock closed at Rs 1.21 with a gain of 4.31%. On January 25, 2024, the stock had reached Rs 4.30. This is the 52-week high of the stock. At the same time, on August 28, 2024, the share price was Rs 1.14. This is the 52-week low of the stock. Now the shares of Filatex Fashion are expected to remain in focus on Monday as well.
The company has received the order
In fact, the company told the stock exchange that it has received an export order of ₹293 crore for the supply of 2,97,388 metric tonnes of white marble. The company’s mining subsidiary Filatex Mines and Minerals Private Limited has received this order. Filatex Fashion told the Indian market exchanges on Thursday – We are happy to inform you that the company’s subsidiary Filatex Mines and Minerals Private Limited has received an order worth US $ 35 million from Bloomflora Ventures Limited. This order has been received from Bloomflora for their upcoming 54 hospitals. The order for supply of white marble in Africa is estimated to be US $ 35 million (about Rs 293 crore) in seven years.
Stock Split 2024
Let us tell you that the company had approved the stock split in the ratio of 1:5 in the board meeting held on June 7, 2024. Under this, the company will divide the existing 1 equity share with a face value of ₹ 5 into 5 equity shares. The record date for the purpose of stock split was fixed as August 9, 2024.
About the Company
This company was started in the year 1993. The company has a strong presence in the European and Indian markets. The company’s clients include famous brands like FILA, Sergio Tacchini, Adidas, Walt Disney and many other top labels of the fashion world.
