Skipper is all powered up!

Skipper is doing well today. The stock rose to an intra day high at Rs.165 and it is currently up 4% at Rs.163.50. The stock’s 52-week high and low stands at Rs.219 and Rs.116 respectively.

The company announced yesterday that its international business got a boost after it bagged new orders in the countries of Kenya, Cameroon, Congo, Ghana & Malaysia as well as in the domestic market.

These orders are for supply of Transmission & Sub-station Towers, Distribution Poles and Steel Angles and are valued at approx. 100 cr. The company has further received approval from Power Grid Corporation of India Limited (PGCIL) for its Poles division.

This less heard-of company, Skipper is engaged in manufacturing of PVC pipes and transmission towers. The company has conveyed that its focus would remain on national and export markets through expansion of capacities in the ensuing months.