Remsons Industries moves up on incorporating subsidiary
Remsons Industries is currently trading at Rs. 145.90, up by 1.15 points or 0.79% from its previous closing of Rs. 144.75 on the BSE.
The scrip opened at Rs. 137.70 and has touched a high and low of Rs. 147.40 and Rs. 137.70 respectively. So far 31376 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 234.95 on 30-Sep-2024 and a 52 week low of Rs. 102.30 on 06-May-2025.
Last one week high and low of the scrip stood at Rs. 149.40 and Rs. 137.70 respectively. The current market cap of the company is Rs. 511.32 crore.
The promoters holding in the company stood at 66.12%, while Institutions and Non-Institutions held 3.86% and 30.02% respectively.
Remsons Industries has incorporated subsidiary company namely ‘Remsons Edge Technologies’ on May 28, 2025. The objective of incorporation of new entity is to foray into new line of business activities being manufacturing of Railway Brake Systems for Wagon & Passenger Coaches and Parts, Brake & Steering Systems for Defence Vehicle, Aerospace Components with machining and Engineering fabrication assemblies. The operations of business shall be under ‘Remsons Edge Technologies’ brand.
Remsons Industries is an OEM Manufacturer supplying to two, three, four wheelers all over India and exports globally.
