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Sharika Enterprises is currently trading at its upper limit of Rs. 23.72, up by 0.46 points or 1.98% from its previous closing of Rs. 23.26 on the BSE.

The scrip opened at Rs. 23.70 and has touched a high and low of Rs. 23.72 and Rs. 23.70 respectively. So far 485218 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 5 has touched a 52 week high of Rs. 27.16 on 24-Jun-2024 and a 52 week low of Rs. 5.47 on 01-Nov-2023.

Last one week high and low of the scrip stood at Rs. 23.72 and Rs. 22.81 respectively. The current market cap of the company is Rs. 102.71 crore.

The promoters holding in the company stood at 55.16%, while Non-Institutions held 44.84% stake in the company.

Sharika Enterprises has acquired a majority stake in Contronics Switchgear India (CSIPL), renowned for its expertise in manufacturing of a wide range of electrical control panels. This strategic move solidifies CSIPL’s status as a subsidiary of Sharika Enterprises and represents achieving a significant milestone in the power sector.

This acquisition of the controlling stake of CSIPL by Sharika Enterprises brings synergies and enhances market reach. Additionally, the partnership facilitates operational scaling, allowing both entities to broaden their offerings. Renowned for its expertise in government projects, Sharika Enterprises complements CSIPL's strength in serving private customers.

Together, they are well-positioned to provide a comprehensive range of electrical substations and control panels, catering to diverse client needs across various sectors.

Sharika Enterprises operate in the infrastructure sphere in India focusing on the power sector and work with international and Indian power equipment manufacturers and involved in project management/EPC contractors.