Salzer Electronics surges on getting patent for Integral Cam Operated Rotary Switches
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Salzer Electronics is currently trading at Rs. 198.50, up by 6.10 points or 3.17% from its previous closing of Rs. 192.40 on the BSE.
The scrip opened at Rs. 198.40 and has touched a high and low of Rs. 201.00 and Rs. 195.05 respectively. So far 5902 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 263.50 on 10-Jan-2022 and a 52 week low of Rs. 110.15 on 19-Apr-2021.
Last one week high and low of the scrip stood at Rs. 201.00 and Rs. 186.80 respectively. The current market cap of the company is Rs. 313.34 crore.
The promoters holding in the company stood at 32.34%, while Institutions and Non-Institutions held 7.36% and 60.30% respectively.
Salzer Electronics has received a patent for its Integral Cam Operated Rotary Switches. The company received the patent for this invention from the Patent Office, Government of India, for a duration of 20 years, ending 2031. This reflects the Company’s relentless efforts towards innovation and technology and paves the way for future product development. Integral Cam Operated Rotary is one of the legacy products providing substantial revenue contribution. This patent protects distinguished features and brand equity of the product in the market.
Salzer Electronics made its debut in the electrical industry with an aim to design, develop, manufacture and supply CAM operated Rotary Switches, selector switches, Wiring Ducts, Voltmeter Switches and allied products. It is headquartered in Coimbatore, Tamil Nadu.
