Kirloskar Electric touches roof on inking pact to sell land in Karnataka
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Kirloskar Electric is locked its upper circuit limit at Rs. 40.60, up by 1.90 points or 4.91% from its previous closing of Rs. 38.70 on the BSE.
The scrip opened at Rs. 40.60 and has touched a high and low of Rs. 40.60 and Rs. 40.50 respectively. So far 157517 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 49.35 on 16-Aug-2022 and a 52 week low of Rs. 16.75 on 04-Oct-2021.
Last one week high and low of the scrip stood at Rs. 42.20 and Rs. 38.40 respectively. The current market cap of the company is Rs. 269.64 crore.
The promoters holding in the company stood at 49.51%, while Institutions and Non-Institutions held 2.48% and 48.01% respectively.
Kirloskar Electric Company has entered into agreement to sell 1.27 lakh square meters land in Karnataka for Rs 95.12 crore. The expected date of completion of sale is on or before March 31, 2023 or any other extended date, as agreed between the parties.
Kirloskar Electric Company is one of the India’s leading manufacturers of electrical and power equipment. The company was established in 1946 by Ravi L Kirloskar.
