INOX India moves up on signing MoU with Inter-University Accelerator Centre
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Inox India is currently trading at Rs. 1023.90, up by 5.95 points or 0.58% from its previous closing of Rs. 1017.95 on the BSE.
The scrip opened at Rs. 1022.00 and has touched a high and low of Rs. 1048.45 and Rs. 992.55 respectively. So far 99053 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 1086.70 on 07-Feb-2024 and a 52 week low of Rs. 802.20 on 24-Jan-2024.
Last one week high and low of the scrip stood at Rs. 1086.70 and Rs. 893.55 respectively. The current market cap of the company is Rs. 9293.73 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 11.63% and 13.37% respectively.
INOX India and Inter-University Accelerator Centre (IUAC), an Autonomous institute under the University Grants Commission (UGC), Ministry of Education (MoE), Government of India, have signed a Memorandum of Understanding (MoU) towards collaboration for the development of technology for the design and manufacture of Superconducting Magnet based System for clinical, industrial, defense and research applications.
This MOU symbolized an industry-academia collaboration, signifying a new era of Indian research institution and industry coming together to commercialize advanced technologies. INOX India & IUAC will work together to make India one of the global players in manufacturing of superconducting Magnet-based Systems.
INOX India is the largest supplier of cryogenic equipment in India. It has many years of experience offering solutions across design, engineering, manufacturing and installation of equipment and systems for cryogenic conditions.
