RIR Power Electronics shines on expanding into high growth new business segment
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RIR Power Electronics is currently trading at Rs. 2117.00, up by 68.20 points or 3.33% from its previous closing of Rs. 2048.80 on the BSE.
The scrip opened at Rs. 2151.20 and has touched a high and low of Rs. 2151.20 and Rs. 2071.00 respectively. So far 89742 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 2310.00 on 29-Apr-2024 and a 52 week low of Rs. 566.75 on 19-Oct-2023.
Last one week high and low of the scrip stood at Rs. 2151.20 and Rs. 1910.00 respectively. The current market cap of the company is Rs. 1467.25 crore.
The promoters holding in the company stood at 69.00%, while Institutions and Non-Institutions held 0.03% and 30.97% respectively.
RIR Power Electronics has expanded into high growth new business segment with advanced products and solutions marking a significant milestone in the company’s growth strategy and aligning with its commitment to innovation and excellence. The company has successfully delivered innovative products and solutions outside of power sector to new and emerging sectors like Railways, Defence, Clean Energy, Hydrocarbon and Mining. The new business segment presents a unique opportunity for the company to apply its core strengths and technologies.
RIR Power Electronics is engaged in the manufacture of Power Semiconductors.
