Aeroflex Industries surges on repaying entire loan of Kotak Mahindra Bank
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Aeroflex Industries is currently trading at Rs. 167.10, up by 3.95 points or 2.42% from its previous closing of Rs. 163.15 on the BSE.
The scrip opened at Rs. 165.00 and has touched a high and low of Rs. 171.45 and Rs. 158.70 respectively. So far 656712 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 197.40 on 31-Aug-2023 and a 52 week low of Rs.158.70 on 31-Aug-2023.
Last one week high and low of the scrip stood at Rs. 197.40 and Rs. 158.70 respectively. The current market cap of the company is Rs. 2162.88 crore.
The promoters holding in the company stood at 92.18%, while Non-Institutions held 7.82% stake in the company.
Aeroflex Industries has repaid the entire outstanding Kotak Mahindra Bank loan amounting to Rs 32.49 crore from the proceeds of initial public offer and internal accruals. Now Aeroflex is debt free company.
Aeroflex Industries is engaged in manufacturing of stainless steel, flexible hose with braiding and without braiding and assemblies.
