Kaiser Corporation touches the roof as its arm inks MoU with Korea EHT
Kaiser Corporation is locked its upper circuit at Rs. 8.16, up by 0.38 points or 4.88% from its previous closing of Rs. 7.78 on the BSE.
The scrip opened at Rs. 8.07 and has touched a high and low of Rs. 8.16 and Rs. 8.02 respectively. So far 1070275 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 10.65 on 26-Jun-2024 and a 52 week low of Rs. 4.03 on 05-Mar-2025.
Last one week high and low of the scrip stood at Rs. 8.20 and Rs. 7.30 respectively. The current market cap of the company is Rs. 42.89 crore.
The promoters holding in the company stood at 59.52%, while non-institutions held 40.48% stake in the company.
Kaiser Corporation’s subsidiary -- Xicon International has entered into a Memorandum of Understanding (MoU) with Korea EHT. As per the MoU, Xicon International and Korea EHT would together explore all the possible opportunities for Engineering Procurement and Construction business in India as well as in the international market. They plan to co-operate in manufacturing wherever possible to reduce the cost and jointly increase the market share of both the companies.
Korea EHT is one of the leading manufacturers of Electric Heat tracing cables. It was established in 1989 and has been in business for the last 36 years. It has presence in various countries like the middle East, Africa, Europe, USA and is now looking to enter the Indian market.
Kaiser Corporation (KCL) is engaged in the business of printing in the business of printing of labels, articles of stationery, magazines and cartons. KCL has diversified into in engineering goods, electric and mechanical heat tracing and trunkey projects through its subsidiaries.
