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11-11-2024 02:30 PM | Source: Accord Fintech
Kranti Industries shines on bagging order from CNH Industrial

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Kranti Industries is currently trading at Rs. 69.23, up by 3.73 points or 5.69% from its previous closing of Rs. 65.50 on the BSE.

The scrip opened at Rs. 67.96 and has touched a high and low of Rs. 70.99 and Rs. 65.03 respectively. So far 27616 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. 59.00 on 28-Oct-2024.

Last one week high and low of the scrip stood at Rs. 70.99 and Rs. 61.11 respectively. The current market cap of the company is Rs. 78.99 crore.

The promoters holding in the company stood at 69.12% while Non-Institutions held 30.88% stake in the company.

Kranti Industries has received both a Business Nomination Letter and a Purchase Order from CNH Industrial (India). The order pertains to the development and supply of key product assemblies: Knife, Arm HD, Frame Knotter Assembly, and Latch Assembly, as part of their Agri Implements initiative. This strategic collaboration enhances Kranti Industries' position in the agricultural equipment sector, showcasing its advanced manufacturing capabilities and reinforcing its reputation as a trusted partner in this rapidly growing market.

Kranti’s subsidiary, Preciso Metall, will be instrumental in sourcing raw castings, demonstrating the company’s integrated operational approach. This enables cost efficiency while ensuring rigorous quality control throughout the production process. Successful completion of this order will not only strengthen Kranti’s standing in the domestic market but also open doors for future prospects within the Agri Implements industry. This aligns with Kranti’s strategic goal of expanding into vital sectors and diversifying its business portfolio.

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.