Spectrum Electrical Industries surges on signing MoU with Government of Maharashtra
Spectrum Electrical Industries is currently trading at Rs. 1176.50, up by 23.50 points or 2.04% from its previous closing of Rs. 1153.00 on the BSE.
The scrip opened at Rs. 1153.00 and has touched a high and low of Rs. 1176.50 and Rs. 1153.00 respectively. So far 35 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1900.00 on 22-May-2025 and a 52 week low of Rs. 957.95 on 24-Apr-2026.
Last one week high and low of the scrip stood at Rs. 1,366.90 and Rs. 957.95 respectively. The current market cap of the company is Rs. 1817.86 crore.
The promoters holding in the company stood at 72.72%, while Institutions and Non-Institutions held 5.28% and 22.00% respectively.
Spectrum Electrical Industries has executed a Memorandum of Understanding (MoU) with the Department of Industries, Government of Maharashtra, during the Government of Maharashtra’s Investment Summit 2026 held on May 06, 2026, in Nashik, Maharashtra, India, for the purpose of a proposed expansion investment of Rs 110 crore in the State of Maharashtra.
The Government of Maharashtra will facilitate the company in obtaining necessary permissions, registrations, approvals, clearances, fiscal incentives, etc., from the concerned State departments, in accordance with its applicable policies, rules, and regulations.
