CFF Fluid Control touches roof on receiving contract from Mazagon Dock Shipbuilders
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Schaeffler India is currently trading at Rs. 3027.05, up by 8.55 points or 0.28% from its previous closing of Rs. 3018.50 on the BSE.
The scrip opened at Rs. 2975.05 and has touched a high and low of Rs. 3041.65 and Rs. 2975.05 respectively. So far 613 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3968.75 on 15-Sep-2022 and a 52 week low of Rs. 2554.75 on 30-Jan-2023.
Last one week high and low of the scrip stood at Rs. 3065.00 and Rs. 2928.40 respectively. The current market cap of the company is Rs. 47313.90 crore.
The promoters holding in the company stood at 74.13%, while Institutions and Non-Institutions held 19.92% and 5.95% respectively.
Schaeffler India’s Board of Directors has approved the acquisition of 100% of the shares of KRSV Innovative Auto Solutions (Koovers), a Bengaluru-based private limited company offering spare parts solutions to Indian aftermarket workshops via a B-to-B e-commerce platform. This acquisition presents an ideal synergy for Schaeffler’s future aftersales activities in India. It will be a key enabler for the aftermarket ecosystem, including distribution partners and help to play an important role in the fast growing and evolving aftermarket digital landscape.
Schaeffler’s Automotive Aftermarket division supplies components and holistic repair solutions for the automobile spare parts business worldwide and sees itself as an enabler of garages. With an overarching understanding of systems and comprehensive services, Schaeffler supports garages in complex repairs and at the same time contributes to extending the operating life of vehicles.
Schaeffler India is actively engaged in innovating and shaping the global pace of change.
