Arcotech, the manufacturers of copper and copper based alloys, announced that it has bagged Rs 335 crores order from India Government Mint. The order is for supply of 6000 metric tonne of nickel brass with an option of additional 25 per cent for Rs 5 coin worth Rs 268 crores. This will provide a significant revenue boost to the company.
Arcotech is the lead manufacturing company with fully integrated facility from melting, casting, hot rolling, and finished cold rolling to manufacture very fine coins up to 35 microns thickness. In the current year the company has added forward integrated product.
On the backdrop of this news, Arcotech share price made a new 52 week high of Rs 452.00 on 15th December 2016, yesterday.
Arcotech has been promoted in the year 1981 for manufacturing Non-Ferrous Engineering products. The company has established itself as one of the leading Non-Ferrous Engineering Industries mainly in Copper/Brass Strips as well as Foils in the Country by creating a niche in producing micro thin foils up to 0.035 mm. Arcotech produces all Non-Ferrous alloys such as Copper, Brass, Phosphor Bronze, Nickel Silver, Nickel Brass, Cupro Nickel, Aluminium Bronze, Tin Bearing Copper along with Silver Bearing Copper etc. These are produced in the form of semis like ingots, strips, sheets, plates, foils, bus bars, rods and coin blanks, key blanks, terminals, connectors, etc.
Today’s Market View
After touching a new 52 week high, Arcotech share pricedipped by a little more than 4 per cent today to make a day low of Rs 408.50 within the first trading hour. At 10.06 AM it is at Rs 419.85 apiece on NSE, down by 2.65 per cent or 11.45 points.
16,607 shares of the company have been traded on NSE aggregating to a total value of Rs 68.86 lacs. The 20 days average trading volume on NSE is 1,34,498.
PE Ratio
Consolidated FY 15-16 PE Ratio
|
0
|
Consolidated Trailing PE Ratio
|
0
|
Standalone FY 15-16 PE Ratio
|
24.83
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Standalone Trailing PE Ratio
|
24.53
|
With strong fundamental, Arcotech is one of the top 500 stocks recommended by Research and analysis team of Dynamic Levels. Strong Fundamentals mean the company has not made any losses in last 2 quarters, debt equity is less than 2 (not applicable for NBFC and banks) and pledge is less than 25 per cent.
Get the historical share price performance of Arcotech at Arcotech share price forecast page of Dynamic levels.
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