{"id":131425,"date":"2024-08-19T16:35:54","date_gmt":"2024-08-19T11:05:54","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=131425"},"modified":"2024-08-19T16:39:04","modified_gmt":"2024-08-19T11:09:04","slug":"monopoly-stock-jumps-15-after-receiving-certification-from-min-of-science-and-technology","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/monopoly-stock-jumps-15-after-receiving-certification-from-min-of-science-and-technology\/","title":{"rendered":"Monopoly stock jumps 15% after receiving certification from Min. of Science and Technology"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2550340001\"><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>Monopoly stock engaged in manufacturing mechanical seals and spares jumped nearly 15 percent after renewal of certification for its facilities from the Ministry of Science and Technology.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-813930721\"><!-- 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><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Market Movement&nbsp;<\/strong><\/h2><p>Shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/543782\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Sealmatic India Limited<\/a><\/strong>, engaged in manufacturing mechanical seals and spares, soared nearly 15 percent during Monday\u2019s trading session, reaching an intra-day high of Rs.664 per share from the previous close of Rs.580.4 apiece.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Key Trigger&nbsp;<\/strong><\/h2><p>The surge in share price followed the company&#8217;s renewal of certification from the Ministry of Science and Technology, for its facilities. This certification underscores Sealmatic\u2019s dedication to research and development.&nbsp;<\/p><p>The company&#8217;s R&amp;D unit, which drives its innovation, is equipped with state-of-the-art test rigs that meet all required standards.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1383903243\"><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>Sealmatic also specialises in Finite Element Analysis (FEA) and Computational Fluid Dynamics (CFD), utilising proprietary tools like the Mechanical Seal Dictionary and Seal Selection Guide.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also Read<\/strong><\/p>\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-trade-brains wp-block-embed-trade-brains\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"lnGm62mvP7\"><a href=\"https:\/\/tradebrains.in\/features\/realty-stock-hits-20-upper-circuit-after-securing-orders-worth-500-mil\/\">Realty stock hits 20% upper circuit after securing orders worth \u20b9 500 Mil<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Realty stock hits 20% upper circuit after securing orders worth \u20b9 500 Mil&#8221; &#8212; Trade Brains\" src=\"https:\/\/tradebrains.in\/features\/realty-stock-hits-20-upper-circuit-after-securing-orders-worth-500-mil\/embed\/#?secret=K3ELs59mFo#?secret=lnGm62mvP7\" data-secret=\"lnGm62mvP7\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure><\/blockquote><p>Sealmatic is the only mechanical seal company in India that has received ISO 19443 accreditation for Nuclear Applications. It is India\u2019s only domestic manufacturer or monopoly company in mechanical seal production.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Management Commentary&nbsp;<\/strong><\/h2><p>&#8220;The recognition from the Ministry of Science and Technology marks a significant milestone in the journey of Sealmatic. With this recognition, Sealmatic is well positioned to continue its growth and innovation, contributing to the advancement of technology not only in India but also on the global stage.&nbsp;<\/p><p>The company will continue to invest in research and development, ensuring that it remains at the forefront of technological advancements in the industry,&#8221; says Umar AK Balwa \u2013 Managing Director, Sealmatic India Ltd.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>International Business Expansion&nbsp;<\/strong><\/h2><p>Sealmatic is expanding its business to support OEMs and end-users in the Middle East, Europe, and the USA, now exporting to 53 countries. The company has formed strategic partnerships in high-growth areas like the UAE, Thailand, and the USA and is making notable progress in the Russian market post-Ukraine conflict.&nbsp;<\/p><p>Additionally, Sealmatic has achieved ISO 19443 certification for the defence and nuclear sectors.<\/p><div class=\"trade-content-10\" id=\"trade-1187867793\"><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><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Reputed Clientele<\/strong><strong>&nbsp;<\/strong><\/h2><p>Sealmatic India Limited features a distinguished client roster including Reliance, Indian Oil, Cipla, IFFCO, HP, Shell, L&amp;T, NTPC, BHEL, Essar, KSB, Sundyne and many more.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financial Performance&nbsp;<\/strong><\/h2><p>Turning to the financials of Sealmatic India Ltd. the company reported revenues of Rs.34 crore for the half year ended June 2024 and net profit stood at Rs.3.26 crore.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the company&nbsp;<\/strong><\/h2><p>Sealmatic India Limited is an India-based company engaged in designing and manufacturing mechanical seals and associated products and sealing support systems, mainly for the oil &amp; gas, refinery, petrochemical, chemical, pharmaceutical, fertiliser, power, mining, pulp &amp; paper, aerospace, marine and many more industrial applications&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by &#8211; Siddesh S Raskar\u00a0<\/strong><\/p><\/blockquote><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also Read<\/strong><\/p>\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-trade-brains wp-block-embed-trade-brains\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"xBe2fp9tOG\"><a href=\"https:\/\/tradebrains.in\/features\/ambani-stock-hits-5-upper-circuit-after-adani-in-talks-to-acquire-its-power-project\/\">Ambani stock hits 5% upper circuit after Adani in talks to acquire its power project\u00a0<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Ambani stock hits 5% upper circuit after Adani in talks to acquire its power project\u00a0&#8221; &#8212; Trade Brains\" src=\"https:\/\/tradebrains.in\/features\/ambani-stock-hits-5-upper-circuit-after-adani-in-talks-to-acquire-its-power-project\/embed\/#?secret=DKod0I6IMu#?secret=xBe2fp9tOG\" data-secret=\"xBe2fp9tOG\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure><\/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 <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> 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-2938650695\"><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>Monopoly stock engaged in manufacturing mechanical seals and spares jumped nearly 15 percent after renewal of certification for its facilities from the Ministry of Science and Technology.&nbsp; Market Movement&nbsp; Shares of Sealmatic India Limited, engaged in manufacturing mechanical seals and spares, soared nearly 15 percent during Monday\u2019s trading session, reaching an intra-day high of Rs.664 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":20788,"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":[2847,9974,21686,9973,948,936,2597],"class_list":["post-131425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-monopoly-stock","tag-sealmatic-india-latest-news","tag-sealmatic-india-news","tag-sealmatic-india-share-price","tag-stock-market","tag-stock-market-news","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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