Standard Engineering Technology jumps on incorporating subsidiary company
Standard Engineering Technology is currently trading at Rs. 133.05, up by 1.90 points or 1.45% from its previous closing of Rs. 131.15 on the BSE.
The scrip opened at Rs. 132.75 and has touched a high and low of Rs. 134.80 and Rs. 131.45 respectively. So far 9774 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 203.40 on 17-Sep-2025 and a 52 week low of Rs. 104.75 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 144.95 and Rs. 126.95 respectively. The current market cap of the company is Rs. 2666.21 crore.
The promoters holding in the company stood at 60.47%, while Institutions and Non-Institutions held 2.78% and 36.75% respectively.
Standard Engineering Technology has incorporated a subsidiary ‘Standard Projects’ on May 12, 2026. The newly incorporated company engaged in the business of High-precision and advanced engineering, process engineering and project technology, and to design, engineer, develop, manufacture, fabricate, assemble, procure, supply, transport, erect, install and commission high-precision industrial systems, precast buildings, process plant structures, precast concrete elements, prefabricated and modular structures, pre-engineered building (PEB) systems. The company holds 75% stake in newly incorporated entity.
