RACL Geartech shines on receiving new nomination from BMW AG for supply of Drive Train Parts
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RACL Geartech is currently trading at Rs. 839.50, up by 42.40 points or 5.32% from its previous closing of Rs. 797.10 on the BSE.
The scrip opened at Rs. 805.00 and has touched a high and low of Rs. 839.50 and Rs. 805.00 respectively. So far 392 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1350.00 on 23-May-2024 and a 52 week low of Rs. 769.90 on 18-Nov-2024.
Last one week high and low of the scrip stood at Rs. 910.00 and Rs. 769.90 respectively. The current market cap of the company is Rs. 859.40 crore.
The promoters holding in the company stood at 53.32%, while Institutions and Non-Institutions held 0.04% and 46.64% respectively.
RACL Geartech has received a new nomination from BMW AG for the supply of Drive Train Parts for their upcoming Electric Sports Car. This nomination marks second such nomination from the EV passenger car segment which aligns with the company’s strategy to strengthen its EV portfolio. The commercial production of these parts are anticipated to commence in 2026.
RACL Geartech is a leading provider of automotive components in India and is a globally renowned enterprise
