Stock Report

SIKA Receives Dual Recognitions for Company's Performance

Posted On : 2022-04-05 18:15:51( TIMEZONE : IST )

SIKA Interplant Systems Limited (SIKA) has been awarded for 'Excellence in Aerospace Indigenisation' at the Society of Indian Aerospace Technologies & Industries' biennial awards ceremony held on February 17, 2022. The award was given by Mr. R. Madhavan, Chairman & Managing Director of Hindustan Aeronautics Limited, and Dr. K. Sivan, the former Secretary of the Department of Space and Chairman of Indian Space Research Organisation and Space Commission.

The company was chosen to receive the award in recognition of SIKA's contribution to the indigenous design, development, manufacture, integration, supply, and lifecycle support for a high-precision aerospace and defence system.

Separately, a recent report published by the Financial Times (FT) has recognised SIKA as one of "High-Growth Companies Asia-Pacific 2022." This annual FT ranking of 500 of the Asia-Pacific region's high-growth companies - compiled in partnership with research provider Statista-is now in its fourth edition; notably, SIKA had featured in the 2021 version as well.

"We are delighted and honoured to have received these recognitions, which are a testament to our long-term strategy of targeted investments within the aerospace and defence sector. Thanks to the excellent work of our teams-whose commitment and resilience was, once again, thoroughly demonstrated in 2021-and the trust of our customers, SIKA has been able to make steady progress in recent years in alignment with the Indian government's Aatmanirbhar Bharat vision," said Kunal Sikka, Managing Director, SIKA.

Shares of SIKA INTERPLANT SYSTEMS LTD. was last trading in BSE at Rs. 671.80 as compared to the previous close of Rs. 639.85. The total number of shares traded during the day was 4124 in over 208 trades.

The stock hit an intraday high of Rs. 671.80 and intraday low of 635.60. The net turnover during the day was Rs. 2725268.00.