Sansera Engineering gains on signing MoU with Dynamatic Technologies
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Sansera Engineering is currently trading at Rs. 1399.00, up by 19.10 points or 1.38% from its previous closing of Rs. 1379.90 on the BSE.
The scrip opened at Rs. 1404.00 and has touched a high and low of Rs. 1410.00 and Rs. 1374.55 respectively. So far 2183 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1550.00 on 26-Aug-2024 and a 52 week low of Rs. 820.60 on 17-Nov-2023.
Last one week high and low of the scrip stood at Rs. 1506.45 and Rs. 1370.00 respectively. The current market cap of the company is Rs. 7451.23 crore.
The promoters holding in the company stood at 34.78%, while Institutions and Non-Institutions held 50.28% and 14.94% respectively.
Sansera Engineering has signed Memorandum of Understanding (MoU) with Dynamatic Technologies to supply intricate structural parts for the Airbus A220 Door Program. Dynamatic Technologies is awarding of a long-term contract to Sansera Engineering for the manufacturing of these complex components. This notable agreement strengthens the strategic partnership between the two companies, marking a new phase in their collaboration.
Under this contract, Sansera Engineering will leverage its cutting-edge manufacturing capabilities and expertise to produce high-precision components crucial for the Airbus A220 aircraft doors. This partnership highlights the shared dedication to excellence and innovation in aerospace manufacturing.
The Airbus A220 is renowned for its efficiency, performance, and passenger comfort, making it a preferred choice for airlines worldwide. The components manufactured by Sansera Engineering will play a crucial role in maintaining the high standards of quality and reliability associated with the A220. This contract not only strengthens the bond between Dynamatic Technologies and Sansera Engineering but also highlights the growing importance of Indian manufacturers in the global aerospace supply chain.
Sansera Engineering is an engineering-led integrated manufacturer of complex and critical precision engineered components across automotive and non-automotive sectors.
