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Lokesh Machines zooms on setting up division to manufacture defense, aerospace components
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Lokesh Machines is currently trading at Rs. 117.30, up by 5.05 points or 4.50% from its previous closing of Rs. 112.25 on the BSE.
The scrip opened at Rs. 109.10 and has touched a high and low of Rs. 118.50 and Rs. 109.10 respectively. So far 11654 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 145.15 on 05-Sep-2022 and a 52 week low of Rs. 64.30 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 118.50 and Rs. 109.10 respectively. The current market cap of the company is Rs. 209.93 crore.
The promoters holding in the company stood at 53.05%, while Institutions and Non-Institutions held 2.13% and 44.82% respectively.
Lokesh Machines has setup a new division for the manufacture of Defense and Aerospace components. The company has setup a new division in response to the Government of India's clarion call for an Aatmanirbhar Bharat.
Lokesh Machines is engaged in the industry of manufacturing of machine tools and auto components. The company’s products include horizontal machining centre (HMC) and vertical machining centre (VML).
