Kranti Industries rises on getting final clearance for commercial production of Agri Implements project
Kranti Industries is currently trading at Rs. 67.89, up by 2.70 points or 4.14% from its previous closing of Rs. 65.19 on the BSE.
The scrip opened at Rs. 69.99 and has touched a high and low of Rs. 70.99 and Rs. 66.31 respectively. So far 5720 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 103.00 on 15-Nov-2023 and a 52 week low of Rs. 61.01 on 08-Oct-2024.
Last one week high and low of the scrip stood at Rs. 70.99 and Rs. 61.01 respectively. The current market cap of the company is Rs. 74.38 crore.
The promoters holding in the company stood at 69.10%, while Non-Institutions held 30.90% stake in the company.
Kranti Industries has received final clearance for commercial production of its Agri Implements project. This strategic initiative strengthens the company's global presence, catering to esteemed customers in Belgium and Grand Island.
Over the past 12 months, Kranti Industries has developed five specialized precision parts for the project. After rigorous development, submission of samples, and multiple trial batches, the company has successfully secured final clearance from its customer for series production. The company has received production schedules set for the next four quarters. Kranti Industries will begin fulfilling orders starting from October 2024 and gradually scaleup production to meet customer demand in the months ahead. The company’s dedication to delivering high-quality parts that meet international standards has reinforced its standing in global markets and helped expand its customer base
Kranti Industries is engaged in the business of manufacturing and supplying of precision machined components. With an operating history of more than two decades, it is primarily known for range of automotive component and non-automotive (off highway) components.