Sterling Tools rises on inking pact with MINIEYE
Sterling Tools is currently trading at Rs. 252.00, up by 0.95 points or 0.38% from its previous closing of Rs. 251.05 on the BSE.
The scrip opened at Rs. 249.55 and has touched a high and low of Rs. 266.30 and Rs. 243.00 respectively. So far 5663 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 542.50 on 17-Jan-2025 and a 52 week low of Rs. 243.00 on 19-Jan-2026.
Last one week high and low of the scrip stood at Rs. 266.30 and Rs. 243.00 respectively. The current market cap of the company is Rs. 920.35 crore.
The promoters holding in the company stood at 65.15%, while Institutions and Non-Institutions held 0.24% and 34.61% respectively.
Sterling Tools has partnered with MINIEYE, a China-based intelligent driving and in-cabin solutions company, to advance the deployment of Advanced Driver Assistance Systems (ADAS) and Driver Monitoring Systems (DMS) for the Indian automotive market. As part of the partnership, Sterling Tools will support perception tuning and on-ground industry engagement, enabling ADAS and driver monitoring systems to be trained and adapted for India-specific road scenarios, mixed traffic conditions, and driving patterns. This approach recognises that intelligent driving systems require data-driven perception development and application-level engineering to function reliably in Indian environments.
The collaboration is focused on application engineering and system adaptation to ensure ADAS and driver monitoring technologies are suited to Indian driving environments, driving cycles, and real-world road conditions, rather than being direct replications of global market implementations. The effort will span both commercial and passenger vehicle segments. The collaboration will cover the adaptation of systems including Autonomous Emergency Braking (AEB), Forward Collision Warning (FCW), Lane Departure Warning Systems (LDWS), Driver Drowsiness and Attention Warning Systems (DDAWS), and Blind Spot Monitoring, among others, aligned with OEM requirements and regulatory expectations.
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.
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