Timbor Home, the manufacturer-retailer of modular kitchens and solid wood furniture, climbed on Thursday after it won an order for solid wood furniture worth Rs 40 million from Costal Gujarat Power for their Mundra Township project in Gujarat.
The company has in the past done similar furniture projects for housing colonies for large power projects in Haryana and Uttar Pradesh.
Shares of the company are trading at Rs 54.20, up Rs 2.9, or 5.65% at the Bombay Stock Exchange (BSE) on Thursday at 11:36 a.m.
The scrip has touched an intra-day high of Rs 57.40 and low of Rs 51.55. The total volume of shares traded at the BSE is 154,539.
In the earlier session, the shares fell 0.68%, or Rs 0.35, at Rs 51.30. Currently, the stock is trading all time 52-week high, which is above 185.26% over the 52-week low of Rs 19.
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|Note: Based on previous day closing price.|