Indo-National trades jubilantly on incorporating subsidiary company
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Indo-National is currently trading at Rs. 378.00, up by 30.55 points or 8.79% from its previous closing of Rs. 347.45 on the BSE.
The scrip opened at Rs. 341.00 and has touched a high and low of Rs. 378.00 and Rs. 334.00 respectively. So far 1126 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 521.90 on 20-Oct-2022 and a 52 week low of Rs. 284.35 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 391.00 and Rs. 334.00 respectively. The current market cap of the company is Rs. 262.50 crore.
The promoters holding in the company stood at 65.35%, while Non-Institutions held 34.65% stake in the company.
Indo-National has incorporated a new subsidiary company M/s. Nippo Green Energy. The main objective of the new subsidiary is to generate, develop, transform, distribute, transmit, sale, supply any kind of power or electrical energy using wind energy, solar energy or other renewable sources of energy. The certificate of incorporation received on May 17, 2023.
Indo-National (formerly, Nippo Batteries Company) is a leading manufacturer of dry-cell batteries in India. The company also offers Flashlights (torches), LED lights, Mosquito bats and emergency power back-up products.
