Artificial Electronics Intelligent touches the roof on signing MoU with Government of Maharashtra
Artificial Electronics Intelligent Material is currently trading at its upper limit of Rs. 234.30, up by 4.55 points or 1.98% from its previous closing of Rs. 229.75 on the BSE.
The scrip opened at Rs. 234.30 and has touched a high and low of Rs. 234.30 and Rs. 233.15 respectively. So far 574 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 440.60 on 23-Dec-2024 and a 52 week low of Rs. 11.06 on 12-Feb-2024.
Last one week high and low of the scrip stood at Rs. 234.45 and Rs. 225.25 respectively. The current market cap of the company is Rs. 397.51 crore.
The promoters holding in the company stood at 35.14%, while Institutions and Non-Institutions held 0.01% and 64.86% respectively.
Artificial Electronics Intelligent Material has signed a Memorandum of understanding (MoU) with the Government of Maharashtra for setting up manufacturing facility for Saphire Ingots and Wafers at Mihan SEZ, Nagpur Maharashtra with an investment of Rs 10,000 crore in next 5 years.
The Government of Maharashtra will facilitate Artificial Electronics Intelligent Material to obtain necessary permissions / registrations / approvals/ clearances / fiscal incentives etc from the concerned departments of the State, as per the existing policies / rules and regulations of the Government of Maharashtra.
Artificial Electronics Intelligent Material is in the business of developing packaged software solutions.
