Sansera Engineering shines on bagging Rs 50.80 crore from marquee North American manufacturer
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Sansera Engineering is currently trading at Rs. 685.65, up by 7.55 points or 1.11% from its previous closing of Rs. 678.10 on the BSE.
The scrip opened at Rs. 687.85 and has touched a high and low of Rs. 691.20 and Rs. 680.75 respectively. So far 5369 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 889.80 on 17-Nov-2021 and a 52 week low of Rs. 548.30 on 28-Mar-2022.
Last one week high and low of the scrip stood at Rs. 737.15 and Rs. 672.85 respectively. The current market cap of the company is Rs. 3568.71 crore.
The promoters holding in the company stood at 35.70%, while Institutions and Non-Institutions held 55.65% and 8.65% respectively.
Sansera Engineering has received order confirmation for three components from a marquee North American manufacturer of EV passenger cars. These are precision forged and machined components for the passenger vehicles. The annual value of these orders is approximately Rs 50.80 crore (based on current forex rate). As indicated by the customer, after successful trials, the mass production of these parts will commence during FY24.
Earlier, the company had also been awarded an order worth Rs 49.70 crore from the same customer. With award of the new orders, the annual order book with this customer has crossed Rs 100 crore.
Sansera Engineering is an engineering-led integrated manufacturer of complex and critical precision engineered components across automotive and non-automotive sectors.
