Kranti Industries rises on planning to inaugurate manufacturing facility in Pune
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Kranti Industries is currently trading at Rs. 73.76, up by 1.26 points or 1.74% from its previous closing of Rs. 72.50 on the BSE.
The scrip opened at Rs. 75.00 and has touched a high and low of Rs. 75.00 and Rs. 72.00 respectively. So far 5698 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 123.70 on 06-Sep-2022 and a 52 week low of Rs. 44.60 on 20-Apr-2022.
Last one week high and low of the scrip stood at Rs. 78.39 and Rs. 62.22 respectively. The current market cap of the company is Rs. 77.22 crore.
The promoters holding in the company stood at 74.34%, while Non-Institutions held 25.66% stake in the company.
Kranti Industries is all set to inaugurate the New State-of-Art Manufacturing facility at 'Plot No. 4, Behind NALCO Water Pirangut, Taluka Mulshi, District Pune on May 15, 2023. The production at a new plant is likely to be commenced immediately on next day of inauguration. This additional capex of the company will assist to cater the growing demand of the products of Kranti Industries.
Kranti Industries is engaged in the business of manufacturing and supplying of precision machined components.
