Him Teknoforge rises on executing MoU with Richard Neumayer GmbH
Him Teknoforge is currently trading at Rs. 251.05, up by 3.20 points or 1.29% from its previous closing of Rs. 247.85 on the BSE.
The scrip opened at Rs. 246.80 and has touched a high and low of Rs. 260.20 and Rs. 244.00 respectively. So far 16039 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 2 has touched a 52 week high of Rs. 299.90 on 09-Sep-2026 and a 52 week low of Rs. 177.00 on 23-Mar-2026.
Last one week high and low of the scrip stood at Rs. 260.20 and Rs. 241.10 respectively. The current market cap of the company is Rs. 267.78 crore.
The promoters holding in the company stood at 54.37%, while Institutions and Non-Institutions held 0.27% and 45.35% respectively.
Him Teknoforge has entered into a Memorandum of Understanding (MoU) with Richard Neumayer GmbH, Germany, for developing a broader and long-term strategic cooperation between the parties. The MoU provides a framework for cooperation in areas including joint market development, customer opportunities, product and manufacturing capabilities, sales and logistics models, and evaluation of potential strategic opportunities and a potential joint stainless-steel forging activity. The MoU is initially effective for a period of twelve months, unless extended or replaced by mutual agreement.
