Aequs rises on signing MoU with Government of Karnataka
Aequs is currently trading at Rs. 123.05, up by 2.00 points or 1.65% from its previous closing of Rs. 121.05 on the BSE.
The scrip opened at Rs. 121.30 and has touched a high and low of Rs. 124.00 and Rs. 119.45 respectively. So far 45315 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 165.40 on 18-Dec-2025 and a 52 week low of Rs. 113.65 on 16-Mar-2026.
Last one week high and low of the scrip stood at Rs. 126.20 and Rs. 119.45 respectively. The current market cap of the company is Rs. 8269.31 crore.
The promoters holding in the company stood at 59.08%, while Institutions and Non-Institutions held 15.05% and 25.88% respectively.
Aequs has entered into a non-binding Memorandum of Understanding (MoU) with the Government of Karnataka on March 26, 2026 for statutory & regulatory facilitation of proposed expansion of manufacturing facilities in Aequs Special Economic Zone, Belagavi and in Hubballi Durable Goods Cluster in Itigatti and Gamanagatti Industrial Area, Hubballi through its subsidiaries. The estimated cumulative investment (including investments already made and proposed) in these projects is around Rs 2,856 crore over a period of five years from FY 2026.
