Kranti Industries soars on bagging order from CGL Manufacturing Inc
Kranti Industries is currently trading at Rs. 101.90, up by 2.10 points or 2.10% from its previous closing of Rs. 99.80 on the BSE.
The scrip opened at Rs. 99.80 and has touched a high and low of Rs. 103.40 and Rs. 99.00 respectively. So far 3589 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 110.00 on 27-Dec-2024 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. 103.89 and Rs. 96.00 respectively. The current market cap of the company is Rs. 123.85 crore.
The promoters holding in the company stood at 69.18%, while Non-Institutions held 30.82% in the company.
Kranti Industries has received the new export part development order along with the purchase order from its new customer CGL Manufacturing Inc. (Arrow Machine and Fabrication Group) from Canada for development and supply of New Industrial Machinery Parts (Alternator Housing). The order is worth around $49,718.00. The said order is to be executed on or before June 30, 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.
