Elpro International zooms on acquiring equity shares of Multi Commodity Exchange of India
Elpro International is currently trading at Rs. 92.06, up by 5.18 points or 5.96% from its previous closing of Rs. 86.88 on the BSE.
The scrip opened at Rs. 89.90 and has touched a high and low of Rs. 92.80 and Rs. 87.76 respectively. So far 57375 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 99.90 on 12-Feb-2024 and a 52 week low of Rs. 54.50 on 04-Aug-2023.
Last one week high and low of the scrip stood at Rs. 92.80 and Rs. 77.06 respectively. The current market cap of the company is Rs. 1560.22 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 11.34% and 13.66% respectively.
Elpro International has acquired equity shares of Multi Commodity Exchange of India. The cost of acquisition is Rs 10 crore. The Multi Commodity Exchange of India is India's first listed exchange. It is a commodity derivatives exchange that facilitates online trading of commodity derivatives transactions, thereby providing a platform for price discovery and risk management.
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.
