Hilton Metal Forging jumps on inking MoU with Arab Organization for Industrialization
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Hilton Metal Forging is currently trading at Rs. 169.00, up by 2.30 points or 1.38% from its previous closing of Rs. 166.70 on the BSE.
The scrip opened at Rs. 169.95 and has touched a high and low of Rs. 170.00 and Rs. 165.00 respectively. So far 2284 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 173.90 on 22-Jun-2023 and a 52 week low of Rs. 36.47 on 12-Jul-2022.
Last one week high and low of the scrip stood at Rs. 172.50 and Rs. 160.10 respectively. The current market cap of the company is Rs. 354.90 crore.
The promoters holding in the company stood at 28.00%, while Non-Institutions held 72.00% stake in the company.
Hilton Metal Forging has entered into Memorandum of Understanding (MoU) with Arab Organization for Industrialization (AOI), a state-owned Company organized and existing under the laws of Arab Republic of Egypt, to explore the potential opportunities for collaboration in connection with development and export of solid forged railway wheels for Egyptian National Railways (ENR); and development and export of machinery products including but not limited to Stainless Steel Flanges for Engine Sector in Egypt.
Hilton Metal Forging (HMFL) is one of the technology leaders in the forging industry providing the highest quality products and services for a one stop solution to cater to all forging needs.
