Autoline Industries zooms on inking contract with Tata Motors Passenger Vehicle
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Autoline Industries is currently trading at Rs. 145.00, up by 13.40 points or 10.18% from its previous closing of Rs. 131.60 on the BSE.
The scrip opened at Rs. 132.65 and has touched a high and low of Rs. 148.00 and Rs. 129.15 respectively. So far 205943 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 165.20 on 15-Feb-2024 and a 52 week low of Rs. 78.65 on 02-Aug-2023.
Last one week high and low of the scrip stood at Rs. 148.00 and Rs. 122.00 respectively. The current market cap of the company is Rs. 512.76 crore.
The promoters holding in the company stood at 33.39%, while Institutions and Non-Institutions held 19.30% and 47.30% respectively.
Autoline Industries has entered into an order/contract with Tata Motors Passenger Vehicle for tool manufacturing, stamping & supply of parts. The broad consideration or size of the order is Rs 147 crore annually for Parts & Rs 57 crore for tooling (One Time order).
Autoline Industries is engaged in manufacturing of various auto parts/sheet metal components for passenger cars, sports utility vehicles (SUV), commercial vehicles, two-wheelers, three-wheelers, tractors, etc.
