Remsons Industries touches roof on entering into 50:50 JV with Daiichi for automotive electronics
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Remsons Industries is currently trading at its upper limit of Rs. 942.45, up by 44.85 points or 5.00% from its previous closing of Rs. 897.60 on the BSE.
The scrip opened at Rs. 900.00 and has touched a high and low of Rs. 942.45 and Rs. 900.00 respectively. So far 5103 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 942.45 on 19-Feb-2024 and a 52 week low of Rs. 182.00 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 942.45 and Rs. 832.70 respectively. The current market cap of the company is Rs. 641.77 crore.
The promoters holding in the company stood at 75.00%, while Non-Institutions held 25.00% stake in the company.
Remsons Industries has signed the Joint Venture (JV) agreement with Daiichi Infotainment Systems to make 50:50 investment in Automotive Electronics segment. This strategic collaboration brings together the expertise and resources of two industry-leading entities, Daiichi and Remsons, to pioneer innovative solutions that will drive the future of mobility.
As automotive technology continues to evolve at an unprecedented pace, the joint venture stands at the forefront of this revolution, committed to delivering cutting-edge electronic systems and components that will shape the vehicles of tomorrow. The joint venture will focus on developing advanced electronics solutions tailored to meet the demands of next-generation vehicles, including infotainment systems, Digital Clusters, rear view cameras, USB chargers, Shark Fin Antennas, AVAS system, DMS.
Remsons Industries is an OEM Manufacturer supplying to two, three, four wheelers all over India and exports globally.
