Elpro International rises on acquiring stake in Nestle India, Jyothy Labs
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Elpro International is currently trading at Rs. 80.55, up by 0.19 points or 0.24% from its previous closing of Rs. 80.36 on the BSE.
The scrip opened at Rs. 81.91 and has touched a high and low of Rs. 81.91 and Rs. 80.30 respectively. So far 3358 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 88.90 on 31-Aug-2023 and a 52 week low of Rs. 53.00 on 27-Mar-2023.
Last one week high and low of the scrip stood at Rs. 82.00 and Rs. 78.01 respectively. The current market cap of the company is Rs. 1361.93 crore.
The promoters holding in the company stood at 74.99%, while Institutions and Non-Institutions held 12.04% and 12.97% respectively.
Elpro International has acquired equity shares of Nestle India and Jyothy Labs. The company has acquired 1,718 Equity Shares in Nestle India for Rs 4.14 crore. The company has also acquired 79,885 Equity Shares in Jyothy Labs for Rs 3.54 crore.
Elpro International is the only one outside the United States to manufacture surge arresters and zinc oxide discs with GE technology, acknowledged to be the best in the world.
