Bharat Seats touches roof on getting nod to set up additional production facilities at Haryana
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Bharat Seats is currently trading at its upper limit of Rs. 134.20, up by 2.60 points or 1.98% from its previous closing of Rs. 131.60 on the BSE.
The scrip opened at Rs. 134.20 and has touched a high and low of Rs. 134.20 and Rs. 134.20 respectively. So far 22071 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 2 has touched a 52 week high of Rs. 144.45 on 13-Jul-2023 and a 52 week low of Rs. 78.05 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 134.20 and Rs. 126.00 respectively. The current market cap of the company is Rs. 421.39 crore.
The promoters holding in the company stood at 74.59%, while Institutions and Non-Institutions held 0.11% and 25.30% respectively.
Bharat Seats has received approval for setting up of additional production facilities at its plant in Bhorakalan, Gurugram, Haryana for Two-wheeler wheel assembly project for Suzuki Motor Cycle India, with capital expenditure of around Rs 3.80 crore. Expected date of commencement of supply is August, 2024. The Board of Directors of the Company at its meeting held on October 31, 2023 inter alia has considered and approved the same.
Bharat Seats (BSL) is in the business of manufacturing complete seating systems and interior components for the automotive and surface transport.
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