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Kabra Extrusiontechnik is currently trading at Rs. 528.50, up by 5.55 points or 1.06% from its previous closing of Rs. 522.95 on the BSE.

The scrip opened at Rs. 526.00 and has touched a high and low of Rs. 534.95 and Rs. 525.30 respectively. So far 346 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 575.80 on 24-Jan-2023 and a 52 week low of Rs. 256.00 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 575.80 and Rs. 460.80 respectively. The current market cap of the company is Rs. 1756.65 crore.

The promoters holding in the company stood at 60.45%, while Institutions and Non-Institutions held 0.51% and 39.04% respectively.

Kabra Extrusiontechnik’s battery division – Battrixx has received ARAI certification under AIS 156 Amendment III Phase 2 for its Batteries used for EVs. The achievement of Phase 2 certification makes Battrixx among the first EV Battery Manufacturers to move towards complete compliance as per the new norms. This is well in advance of the deadline of 31st March 2023, set by the Government of India.

The battery packs were ready for AIS Amendment III phase 2 certification in November, having completed the internal testing for the requirements of this phase at its in-house testing facility. As a result, due to its continuous efforts on R&D and testing, batteries have received the certification well ahead of the schedule. For the past year and a half, Battrixx has been focusing on R&D, automation, skill development in operations, supply chain, and testing, in order to maintain the company’s leadership in this segment.

Kabra Extrusiontechnik (KET), a part of Kolsite group is a leading manufacturer of Plastic extrusion machinery in India. KET offers a wide range of hi-tech single and twin screw extrusion lines for pipes, profiles, pellets, teleduct and mono & multilayer blown films plants.