Elgi Equipments touches 52-week high on getting LOA from Siemens
Elgi Equipments is currently trading at Rs. 613.70, up by 67.95 points or 12.45% from its previous closing of Rs. 545.75 on the BSE.
The scrip opened at Rs. 558.05 and has touched a high and low of Rs. 619.00 and Rs. 557.80 respectively. So far 256647 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 619.00 on 12-Jul-2023 and a 52 week low of Rs. 353.80 on 26-Jul-2022.
Last one week high and low of the scrip stood at Rs. 619.00 and Rs. 533.65 respectively. The current market cap of the company is Rs. 19363.14 crore.
The promoters holding in the company stood at 31.19%, while Institutions and Non-Institutions held 33.97% and 34.84% respectively.
Elgi Equipments has received a Letter of Award (LOA) from Siemens for supply and maintenance of Air Generation and Treatment Units and Aux Compressors. The order is required to be executed by the company over a period of 10 years of supplies and 35 years of maintenance from the date of supply. The Letter of Award is however subject to signing of contract.
Elgi Equipments is a holding company and an air compressor manufacturer. The company’s segments include Compressors, Automotive Equipments and Others.
