EPACK Durable touches roof on entering into agreement with Hisense
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EPACK Durable is currently trading at its upper circuit limit of Rs. 407.60, up by 19.40 points or 5.00% from its previous closing of Rs. 388.20 on the BSE.
The scrip opened at Rs. 407.60 and has touched a high and low of Rs. 407.60 and Rs. 407.60 respectively. So far 1037 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 434.00 on 03-Oct-2024 and a 52 week low of Rs. 150.95 on 28-Mar-2024.
Last one week high and low of the scrip stood at Rs. 422.80 and Rs. 376.60 respectively. The current market cap of the company is Rs. 3725.47 crore.
The promoters holding in the company stood at 48.14%, while Institutions and Non-Institutions held 16.73% and 35.12% respectively.
EPACK Durable (EDL) has entered into an agreement for manufacturing tie-up through its Subsidiary Company (to be incorporated in due course) with Hisense International Singapore Holding (Hisense). The purpose of entering into this agreement is to manufacture Air Conditioners and home appliances for Hisense. Total revenue of Hisense for calendar year 2023 is approximately $1 Billion.
EPACK Durable is an Original Design Manufacturer (ODM) of room air conditioners.
