Sal Automotive touches roof on starting commercial production from new manufacturing shed at Punjab
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Sal Automotive is currently trading at its upper circuit limit of Rs. 202.70, up by 18.40 points or 9.98% from its previous closing of Rs. 184.30 on the BSE.
The scrip opened at Rs. 190.00 and has touched a high and low of Rs. 202.70 and Rs. 182.10 respectively. So far 4097 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 298.95 on 11-Feb-2022 and a 52 week low of Rs. 150.00 on 15-Jun-2022.
Last one week high and low of the scrip stood at Rs. 185.00 and Rs. 170.05 respectively. The current market cap of the company is Rs. 43.89 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 4.44% and 20.56% respectively.
Sal Automotive has commenced commercial production in its new manufacturing shed at existing plant premises situated at Patiala District, Punjab on August 24, 2022. With this new shed, production capacity of Rotavator shall increase from existing level of 1000 rotavators per month to 3000 rotavators per month.
Sal Automotive is engaged in manufacturing business of Automobile Components, which includes Tractor seats, LCV seats, Seat mechanisms for passenger cars & commercial vehicles and Seat frames for commercial vehicles and Agriculture Implements, which include Rotavators, Tractor trailers and Planter etc.
