Sandhar Technologies jumps as its arm commissions Manufacturing Plant at Mysore
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Sandhar Technologies is currently trading at Rs. 402.60, up by 29.90 points or 6.88% from its previous closing of Rs. 376.70 on the BSE.
The scrip opened at Rs. 391.10 and has touched a high and low of Rs. 422.00 and Rs. 385.35 respectively. So far 87315 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 422.00 on 24-Aug-2023 and a 52 week low of Rs. 186.10 on 03-Apr-2023.
Last one week high and low of the scrip stood at Rs. 422.00 and Rs. 348.25 respectively. The current market cap of the company is Rs. 2466.01 crore.
The promoters holding in the company stood at 70.38%, while Institutions and Non-Institutions held 18.61% and 11.01% respectively.
Sandhar Technologies’ Wholly Owned Subsidiary -- Sandhar Engineering has successfully commissioned a state of art Manufacturing Plant at Mysore (Karnataka) and the trial runs are completed. Commercial production is underway and expected to go into mass production by the beginning of October 2023. The addition of this facility will strengthen and increase company’s share into Sheet Metal Components in Automotive Sector for OEM’s and other Customers and will provide a boost to the Company’s growth prospects.
Sandhar Technologies has established itself as manufacturer of automobile accessories, safety locks, door hardware etc.
