Bengaluru, Jan. 29 -- This market leader industrial manufacturing company which specifically manufactures mechanical seals and associated products, has bagged an order from BHEL for various power projects.

Share Price Movement

With a market capitalization of Rs. 420 Cr, the share of Sealmatic India opened at Rs. 480, and after opening it made a high of Rs. 496 up 6.50% from yesterday's closing price of Rs. 465 at around 11.30 AM the stocks had declined a bit to Rs.480. The past month's return for the stock is - 8% and the 1-year return stands at - 12%.

Details about the order

The order is for the supply of super-critical mechanical seals for various high-capacity power projects. BHEL has placed orders for power projects of Adani, DVC ...