Elpro International soars on acquiring more shares of HDFC Bank
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Elpro International is currently trading at Rs. 79.75, up by 0.99 points or 1.26% from its previous closing of Rs. 78.76 on the BSE.
The scrip opened at Rs. 77.51 and has touched a high and low of Rs. 80.00 and Rs. 77.51 respectively. So far 33674 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. 75.00 respectively. The current market cap of the company is Rs. 1324.14 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 33,650 shares of HDFC Bank at an acquisition cost of Rs 5.01 crore. The previous holding was 2,19,663 equity shares and total holding with fresh acquisition is 2,53,313 equity shares.
HDFC Bank is one of India's leading private banks and was among the first to receive approval from the Reserve Bank of India (RBI) to set up a private sector bank in 1994.
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.
