Kranti Industries rises on getting new part development order from Bonfiglioli Transmissions
Kranti Industries is currently trading at Rs. 104.95, up by 1.45 points or 1.40% from its previous closing of Rs. 103.50 on the BSE.
The scrip opened at Rs. 106.00 and has touched a high and low of Rs. 106.00 and Rs. 102.35 respectively. So far 2249 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 119.79 on 19-May-2025 and a 52 week low of Rs. 59.00 on 28-Oct-2024.
Last one week high and low of the scrip stood at Rs. 108.65 and Rs. 99.00 respectively. The current market cap of the company is Rs. 135.20 crore.
The promoters holding in the company stood at 63.14%, while Non-Institutions held 36.86% stake in the company.
Kranti Industries has received a new part development order from Bonfiglioli Transmissions, Chennai. The order pertains to the manufacturing and supply of housings for heavy industrial machines. This product will be a new addition to its existing product portfolio, signifying a strategic expansion into a critical industrial component segment. Upon successful development and subsequent customer approval, the product is expected to contribute an annual business potential of around Rs 14.65 crore. The order samples are to be submitted by July 2025.
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.
