Meson Valves shares were trading at lifetime high after gaining by 5 percent on April 26 trading session. The SME multibagger Meson Valves, a leading player in specialist values with industrial, marine, and defence applications, has signed an agreement with Georg Schunemann GmHH (the Licensor) of Bremen, Germany, as per the announcement made on April 25 on BSE, after market hours.
Meson Valves and its subsidiaries are exclusively authorised to utilize essential expertise concerning filters, manufactured products, and inserts with the additional benefit of seeking assistance from Georg Schunemann GmHH to ensure optimal technology utilization.
The agreement allows the company to cater to a more diverse range of industries such as Aerospace, Water Treatment, HVAC, Oil & Gas, Automotive, and others- thus providing the company a unique competitive advantage within its market segment.
Georg Schunemann GmHH is an established manufacturer with over 80 years of experience in the development, production, and testing of special fittings, filters, and filtration systems.
Meson Valves shares got listed on BSE SME platform at Rs 191 per share. Since its listing Meson Valves shares are up by 373 percent. On year to date basis, Meson Valves shares are up by 56 percent and in one month the shares of Meson Valves have gained by 41 percent.
Meson Valves is one of the several SME companies that are trading at life highs. SME stocks are seen outperforming the markets with BSE SME IPO index trading at life highs after gaining by 47 percent on year to date basis. In last one year, BSE SME IPO index rose by 170 percent.
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