Frontier Springs touches roof on getting contract worth Rs 52.20 crore
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Frontier Springs is currently trading at its upper limit of Rs. 1183.10, up by 107.55 points or 10.00% from its previous closing of Rs. 1075.55 on the BSE.
The scrip opened at Rs. 1183.10 and has touched a high and low of Rs. 1183.10 and Rs. 1183.10 respectively. So far 7801 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 1183.10 on 08-Jan-2024 and a 52 week low of Rs. 342.00 on 20-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1183.10 and Rs. 1004.30 respectively. The current market cap of the company is Rs. 465.97 crore.
The promoters holding in the company stood at 51.76%, while Non-Institutions held 48.24% stake in the company.
Frontier Springs has been awarded a significant contract valued at around Rs 52.20 crore. This order, a milestone in the company’s history, involves the supply of 894 sets of air springs. This order is a significant step in Frontier Springs's journey towards becoming a prominent player in the supply of Air Springs to Indian railways. It strengthens its position in the market as a reliable and quality-driven supplier.
Frontier Springs is the world’s leading manufacturer of hot wound springs for transportation, industrial and government applications.
