Hind Rectifiers shines on starting commercial production at new plant in Nashik
Hind Rectifiers is currently trading at Rs. 207.00, up by 11.50 points or 5.88% from its previous closing of Rs. 195.50 on the BSE.
The scrip opened at Rs. 199.10 and has touched a high and low of Rs. 208.45 and Rs. 199.10 respectively. So far 352 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 268.00 on 22-Sep-2022 and a 52 week low of Rs. 152.90 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 208.85 and Rs. 187.00 respectively. The current market cap of the company is Rs. 324.02 crore.
The promoters holding in the company stood at 42.25%, while Institutions and Non-Institutions held 6.49% and 51.26% respectively.
Hind Rectifiers has started commercial production at new manufacturing plant situated at Sinnar, Nashik, Maharashtra from March 9, 2023. The company has constructed around 12,900 square meters at Sinnar plant. The benefits of these new production lines at Sinnar will however be availed in the following years from 2023-24 onwards.
The company continues to focus to expand this product range by way of developing new products in-house. This development is in line with Company’s commitment and promises made in the past. This Commercial Production will generate additional revenue for the company.
Hind Rectifiers is engaged in developing, designing, manufacturing and marketing Power Semiconductors, Power Electronic Equipments and Railway Transportation Equipments.
