ZF Steering Gear climbs after its JV acquires leasehold rights of Industrial land in Kolhapur
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ZF Steering Gear (India) is currently trading at Rs. 829.35, up by 27.55 points or 3.44% from its previous closing of Rs. 801.80 on the BSE.
The scrip opened at Rs. 795.15 and has touched a high and low of Rs. 829.35 and Rs. 790.00 respectively. So far 4977 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 883.90 on 27-Jul-2023 and a 52 week low of Rs. 377.80 on 20-Mar-2023.
Last one week high and low of the scrip stood at Rs. 829.35 and Rs. 790.00 respectively. The current market cap of the company is Rs. 734.94 crore.
The promoters holding in the company stood at 67.18%, while Institutions and Non-Institutions held 0.01% and 32.81% respectively.
ZF Steering Gear (India) -- Joint Venture (JV) -- Metacast Auto (Metacast) has acquired leasehold rights of Industrial Land admeasuring 24,000 Sq. Mtrs. within the jurisdiction of Maharashtra Industrial Development Corporation (MIDC) Area, Kagal - Hatkalangale, Five Star Industrial Area, Village – Halsavade, Dist. Kolhapur along with Industrial Shed admeasuring 2363 Sq. Mtrs.
ZF Steering Gear (India) (ZF INDIA) was incorporated in the year 1981 as a joint venture ZF Friedrichshafen AG. ZF INDIA is a Pioneer in Manufacturing and Supply of Ball and Nut Integral Hydraulic Power & Worm and Roller Mechanical Steering System in India.
