Salzer Electronics shines on bagging order worth Rs 50 crore
Salzer Electronics is currently trading at Rs. 899.70, up by 33.90 points or 3.92% from its previous closing of Rs. 865.80 on the BSE.
The scrip opened at Rs. 850.00 and has touched a high and low of Rs. 943.75 and Rs. 850.00 respectively. So far 20220 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1650.00 on 20-Dec-2024 and a 52 week low of Rs. 637.85 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 971.95 and Rs. 834.00 respectively. The current market cap of the company is Rs. 1586.23 crore.
The promoters holding in the company stood at 37.54%, while Institutions and Non-Institutions held 4.36% and 58.10% respectively.
Salzer Electronics has received a second order valued at Rs 50 crore for smart energy meters from one of the largest Advanced Metering Infrastructure Service Providers (AMISP) in India. This follows an initial order of Rs 5 crore received in the previous quarter from the same customer, underscoring their continued trust in its products and manufacturing capabilities.
With an annual production capacity of 4 million Smart Meters, its newly established manufacturing facility is well-prepared to meet the increasing demand in India's rapidly evolving energy infrastructure. This development aligns with the company’s strategic vision to contribute to the nation’s smart metering initiative and support the transition to more efficient and reliable energy management systems.
Salzer Electronics made its debut in the Electrical Industry with an aim to design, develop, manufacture and supply CAM operated rotary switches, selector switches, wiring ducts, voltmeter switches and allied products.
