VST Tillers Tractors zooms on inking master service agreement with Solectrac
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V.S.T. Tillers Tractors is currently trading at Rs. 3599.95, up by 265.50 points or 7.96% from its previous closing of Rs. 3334.45 on the BSE.
The scrip opened at Rs. 3300.10 and has touched a high and low of Rs. 3790.00 and Rs. 3255.45 respectively. So far 12902 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 3790.00 on 25-Aug-2023 and a 52 week low of Rs. 2046.55 on 12-Oct-2022.
Last one week high and low of the scrip stood at Rs. 3790.00 and Rs. 3021.70 respectively. The current market cap of the company is Rs. 3145.09 crore.
The promoters holding in the company stood at 55.57%, while Institutions and Non-Institutions held 20.74% and 23.70% respectively.
VST Tillers Tractors has entered into a Master Service agreement with Solectrac Inc., USA to jointly develop Electric Power tiller and other Agricultural Machineries.
Earlier, the company had launched Series 9 Range of Compact Tractors, 18 HP upwards. The company, with the aim of further establishing its leadership position in the 4WD Compact Tractor segment in the country, designed and developed the new series of tractors at its Hosur plant.
VST Tillers Tractors was incorporated in technical collaboration and joint venture with Mitsubishi Heavy Industries and Mitsubishi Corporation, Japan for the manufacture of Power Tillers and Diesel Engines.
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