Divgi Torqtransfer Systems jumps on bagging order from overseas customer
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Divgi Torqtransfer Systems is currently trading at Rs. 909.00, up by 18.10 points or 2.03% from its previous closing of Rs. 890.90 on the BSE.
The scrip opened at Rs. 911.75 and has touched a high and low of Rs. 927.05 and Rs. 898.40 respectively. So far 1213 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 1001.00 on 03-Jul-2023 and a 52 week low of Rs. 557.20 on 14-Mar-2023.
Last one week high and low of the scrip stood at Rs. 947.95 and Rs. 876.55 respectively. The current market cap of the company is Rs. 2801.40 crore.
The promoters holding in the company stood at 60.49%, while Institutions and Non-Institutions held 29.31% and 10.20% respectively.
Divgi Torqtransfer Systems has been awarded a new program from an overseas customer to supply components for their OE Program which has added a life cycle value of Rs 180 crore to its order book. Production for the same is expected to commence from Q4FY24.
Divgi Torqtransfer Systems is one of the leading players supplying transfer case systems to automotive OEMs in India and the largest supplier of transfer case systems to passenger vehicle manufacturers in India.
