{"id":115353,"date":"2023-12-11T18:00:00","date_gmt":"2023-12-11T12:30:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=115353"},"modified":"2023-12-11T17:35:20","modified_gmt":"2023-12-11T12:05:20","slug":"monopoly-stock-gained-6-3-after-it-partnered-with-us-based-firm-to-increase-its-presence-in-usa","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/monopoly-stock-gained-6-3-after-it-partnered-with-us-based-firm-to-increase-its-presence-in-usa\/","title":{"rendered":"Monopoly stock gained 6.3% after it partnered with US-based firm to increase its presence in USA\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4176090397\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of a leading manufacturer of heavy-duty mechanical seals rose to 6.3 percent to Rs 628 per share after the company partnered with US-based firm EcoTech to boost its presence in the United States of America.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3805398079\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 3:27 p.m., On the Bombay stock exchange, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/543782\/standalone?defaul=true\" target=\"_blank\" rel=\"noreferrer noopener\">Sealmatic India Ltd<\/a><\/strong> shares were trading at Rs 585.05 per share, down 0.92 percent from the previous close price. The company has a market capitalization of Rs 529 crore.\u00a0<\/p><p>Sealmatic partnership with EcoTech will offer superior-quality sealing technology and will significantly add value to the convenience of users in the process industries such as oil &amp; gas, refining, power, marine, pulp &amp; paper, chemical, petrochemical, etc.,&nbsp;<\/p><p>Sealmatic India Ltd has partnered with EcoTech of USA to expand its footprint throughout the United States and to develop a cutting-edge center of excellence to meet America\u2019s rising need for high-quality mechanical seals.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2472174328\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Furthermore, the sealmatic intends to Alice America\u2019s $1.25 billion mechanical seal industry. According to the company&#8217;s exchange filing..&nbsp;<\/p><p>Sealmatic&#8217;s collaboration with EcoTech to provide superior-quality sealing technology and considerably improve the convenience of customers in process sectors such as oil and gas, refining, electricity, marine, pulp and paper, chemical, petrochemical, and so on.&nbsp;<\/p><p>EcoTech employs a team of technical solutions engineers dedicated to staying at the forefront of the process equipment markets. This includes expertise in mechanical seals, pumps, and many other industrial rotary equipment.&nbsp;<\/p><p>Sealmatic India shares have delivered a return of around 150 percent in a year, This shows that a shareholder investment of Rs 1 lakh in the company would be worth Rs 2.50 lakhs in a year.&nbsp;<\/p><p>The company\u2019s revenue has jumped by 75 percent yearly, from Rs 33 crore in FY 21-22 to Rs 58 crore in FY 22-23. In the same timeframe, Net profit has significantly increased by 37 percent from Rs 8 crore to Rs 11 crore.<\/p><p>Semantic is one of the few Indian companies that has been approved\/registered as a vendor with both national and international clients. It is the only indigenous mechanical seal producer approved by BHEL for thermal power plant components and it operates in over 45 countries worldwide.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-2702827322\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Sealmatic is the only mechanical seal company in India that has received ISO 19443 accreditation for Nuclear Applications. It is India&#8217;s only domestic manufacturer or monopoly company in mechanical seal production&nbsp;<\/p><p>Sealmatic India Limited is engaged in the business of designing and manufacturing mechanical seals and associated products.&nbsp;<\/p><p>Sealmatic India Ltd is a leading designer and manufacturer of mechanical seals that are used across Oil and gas, refinery, petrochemical, chemical, pharmaceutical, fertilizer, power, mining, pulp &amp; paper, aerospace, marine, and other industries.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3383564644\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of a leading manufacturer of heavy-duty mechanical seals rose to 6.3 percent to Rs 628 per share after the company partnered with US-based firm EcoTech to boost its presence in the United States of America.&nbsp; At 3:27 p.m., On the Bombay stock exchange, Sealmatic India Ltd shares were trading at Rs 585.05 per [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":107238,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[],"class_list":["post-115353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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