Craftsman Automation zooms on getting nod to set up new unit in Coimbatore
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Craftsman Automation is currently trading at Rs. 4911.75, up by 258.90 points or 5.56% from its previous closing of Rs. 4652.85 on the BSE.
The scrip opened at Rs. 4701.35 and has touched a high and low of Rs. 5032.30 and Rs. 4591.75 respectively. So far 4898 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 5045.00 on 11-Sep-2023 and a 52 week low of Rs. 2699.40 on 20-Mar-2023.
Last one week high and low of the scrip stood at Rs. 5032.30 and Rs. 4210.55 respectively. The current market cap of the company is Rs. 10223.99 crore.
The promoters holding in the company stood at 54.99%, while Institutions and Non-Institutions held 29.96% and 15.05% respectively.
Craftsman Automation has received approval for setting up of a new plant/unit at Kothavadi, Coimbatore. The Board of Directors of the Company at their meeting held on October 30, 2023 has approved the same. Investment required for Phase 1 is Rs 102.5 crore, while for Phase 2 is Rs 106 crore (Estimated).
Craftsman Automation is a diversified engineering company engaged in: (a) Automotive - Powertrain and Others, (b) Automotive - Aluminium Products, and (c) Industrial and Engineering segments.
