Sansera Engineering soars on bagging contract from leading North American OEM
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Sansera Engineering is currently trading at Rs. 793.60, up by 30.45 points or 3.99% from its previous closing of Rs. 763.15 on the BSE.
The scrip opened at Rs. 799.00 and has touched a high and low of Rs. 823.10 and Rs. 783.70 respectively. So far 10412 shares were traded on the counter.
The BSE group 'B' 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. 823.10 and Rs. 711.80 respectively. The current market cap of the company is Rs. 3980.27 crore.
The promoters holding in the company stood at 36.02%, while Institutions and Non-Institutions held 55.10% and 8.88% respectively.
Sansera Engineering has been awarded a contract for development, manufacturing and supply of connecting rods from a leading North American OEM for its upcoming project. The start of production would be from July 2025 and is expected to run over seven years. The approximate quantity for the contract is over 35 million connecting rods with an estimated revenue of over $400 million (Rs 3,066 crore based on current forex rate). These parts would be developed for the customer’s new technology engine and are likely to be supplied to North America.
Sansera Engineering is an engineering-led integrated manufacturer of complex and critical precision engineered components across automotive and non-automotive sectors.
