Rico Auto Industries zooms on inking licensing agreement with Terminal Ballistics Research Laboratory
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Rico Auto Industries is currently trading at Rs. 96.05, up by 5.14 points or 5.65% from its previous closing of Rs. 90.91 on the BSE.
The scrip opened at Rs. 96.62 and has touched a high and low of Rs. 96.90 and Rs. 94.18 respectively. So far 82888 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 111.55 on 07-Jul-2023 and a 52 week low of Rs. 63.00 on 27-Mar-2023.
Last one week high and low of the scrip stood at Rs. 97.10 and Rs. 87.97 respectively. The current market cap of the company is Rs. 1299.55 crore.
The promoters holding in the company stood at 50.34%, while Institutions and Non-Institutions held 1.11% and 48.55% respectively.
Rico Auto Industries through its 100% subsidiary AAN Engineering Industries, has signed Licensing Agreement for Transfer of Technology (TOT) with Terminal Ballistics Research Laboratory (TBRL), DRDO; for ‘Baffle Range System’.
Rico Auto Industries is a world-class engineering company supplying a wide range of high precision fully machined aluminum and ferrous components and assemblies to automotive OEMs across the globe.
