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Sterling Tools is currently trading at Rs. 740.00, up by 45.85 points or 6.61% from its previous closing of Rs. 694.15 on the BSE.

The scrip opened at Rs. 708.05 and has touched a high and low of Rs. 744.30 and Rs. 684.50 respectively. So far 50515 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 744.30 on 02-Dec-2024 and a 52 week low of Rs. 305.00 on 28-Mar-2024.

Last one week high and low of the scrip stood at Rs. 744.30 and Rs. 595.35 respectively. The current market cap of the company is Rs. 2624.54 crore.

The promoters holding in the company stood at 65.77%, while Institutions and Non-Institutions held 4.86% and 29.38% respectively.

Sterling Tools has forayed into the energy sector through its wholly owned subsidiary, Sterling Tech-Mobility. The company has partnered with Zhejiang Meishuo Electric Technology Company, China to locally manufacture latching relays for the energy sector, industrial grids, and other applications in India. 

These relays are crucial in reducing power consumption and thus extending the lifespan of key components across smart metering systems, as well as industrial and white goods applications. They enable the remote connection and disconnection of power to a consumer's premises, utilizing a latch mechanism that minimizes energy consumption during operation. This association is expected to generate Rs 200 crore in business by FY30, and Sterling Tools will bring the niche technology to manufacture and assemble latching relays locally at a new facility in Bengaluru, India, with an initial investment of around Rs 20 crore.

By producing these components domestically, Sterling Tools aims to drive import substitution and reduce reliance on imports, aligning with the Atmanirbhar Bharat vision and supporting the Make in India initiative. The development will empower Indian companies and other suppliers to access advanced technology locally, building a self-reliant ecosystem for the industrial and white goods industries.

Sterling Tools is engaged in manufacturing of high tensile cold forged fasteners for Automotive Industry having its presence amongst all Auto Segments- Passenger Vehicle (PV), Commercial Vehicle (CV), Two Wheelers, Farm Equipment and Off-Roadways.