Elgi Equipments rises as its arm acquires 33.33% stake in CS Industrial Services LLC
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Elgi Equipments is currently trading at Rs. 482.70, up by 6.40 points or 1.34% from its previous closing of Rs. 476.30 on the BSE.
The scrip opened at Rs. 479.00 and has touched a high and low of Rs. 492.80 and Rs. 478.95 respectively. So far 12820 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 566.50 on 07-Sep-2022 and a 52 week low of Rs. 248.85 on 13-May-2022.
Last one week high and low of the scrip stood at Rs. 494.05 and Rs. 460.15 respectively. The current market cap of the company is Rs. 15338.40 crore.
The promoters holding in the company stood at 31.19%, while Institutions and Non-Institutions held 34.03% and 34.78% respectively.
Elgi Equipments’ wholly owned subsidiary-- Elgi Compressors USA Inc. has acquired 33.33% of the share capital of CS Industrial Services LLC on March 13, 2023. CS Industrial Services LLC will act as an exclusive dealer / distributor for Elgi Compressors USA Inc, for sale of ELGi branded compressors in Western New York region.
Elgi Equipments is a holding company and an air compressor manufacturer. The company’s segments include Compressors, Automotive Equipments and Others.
