Optiemus Infracom trades jubilantly as its arm joins hand with OnePlus
Optiemus Electronics is currently trading at Rs. 678.00, up by 64.00 points or 10.42% from its previous closing of Rs. 614.00 on the BSE.
The scrip opened at Rs. 611.10 and has touched a high and low of Rs. 706.50 and Rs. 608.25 respectively. So far 1106911 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 873.65 on 26-Sep-2024 and a 52 week low of Rs. 275.10 on 18-Jun-2024.
Last one week high and low of the scrip stood at Rs. 706.50 and Rs. 559.90 respectively. The current market cap of the company is Rs. 5908.77 crore.
The promoters holding in the company stood at 73.69%, while Institutions and Non-Institutions held 2.81% and 23.49% respectively.
Optiemus Infracom’s wholly owned subsidiary -- Optiemus Electronics (OEL) and OnePlus, the leading global technology brand, have joined hands to locally manufacture and deliver premium Internet of Things (IoT) devices in India. This underscores the joint commitment to enhance domestic production capabilities in India under the brand’s strong commitment to the market. As a key manufacturing partner to OnePlus, OEL will provide the dedicated support required to increase BOM level localisation, reduce costs, and improve supply chain resilience for the brand. The collaboration has begun with the commencement of local production for the OnePlus Bullets Wireless Z3.
The strategic partnership aligns with OnePlus long-term vision for India and the recent project Starlight commitment to strengthen localisation efforts in the region. OnePlus is extending efforts towards expanding its local manufacturing capabilities and has now begun manufacturing its IoT portfolio of products in the Noida based facility, in addition to its existing smartphones range being made in India.
Optiemus Infracom is a diversified, award-winning, high-performance telecommunications enterprise with multi-domain experience including management, distribution & marketing of mobile & telecom products in the Indian subcontinent.
