Emmforce Autotech rises on bagging order worth Rs 470 crore
Emmforce Autotech is currently trading at Rs. 144.00, up by 1.50 points or 1.05% from its previous closing of Rs. 142.50 on the BSE.
The scrip opened at Rs. 146.80 and has touched a high and low of Rs. 169.25 and Rs. 143.65 respectively. So far 404400 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 264.00 on 15-May-2024 and a 52 week low of Rs. 95.05 on 29-Oct-2024.
Last one week high and low of the scrip stood at Rs. 169.25 and Rs. 120.05 respectively. The current market cap of the company is Rs. 295.30 crore.
The promoters holding in the company stood at 73.17%, while Institutions and Non-Institutions held 2.53% and 24.30% respectively.
Emmforce Autotech has received an order through a Project Authorization Letter from a USA Company, for supply of products worth around Rs 470 crore, to be supplied over the next 9 years starting from July 2025 (around Rs 52 crore annually).
Emmforce Autotech is engaged in the business of manufacturing niche automotive drivetrain parts primarily for 4-wheel Drive and performance racing vehicles.
