Sundaram-Clayton surges after executing business transfer agreement with Sandhar Ascast
Sundaram-Clayton is currently trading at Rs 2178.60, up by 50.80 points or 2.39% from its previous closing of Rs 2127.80 on the BSE.
The scrip opened at Rs 2116.00 and has touched a high and low of Rs 2202.25 and Rs 2116.00 respectively. So far 665 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 5 has touched a 52-week high of Rs 2933.00 on 09-Jan-2025 and a 52-week low of Rs 1351.05 on 27-Mar-2024.
Last one week high and low of the scrip stood at Rs 2336.95 and Rs 2059.25 respectively. The current market cap of the company is Rs 4802.98 crore.
The promoters holding in the company stood at 61.90%, while Institutions and Non-Institutions held 20.30% and 17.80% respectively.
Sundaram-Clayton has executed a Business Transfer agreement with Sandhar Ascast for the sale of the high-pressure and low-pressure aluminium die-casting businesses at its Hosur plant to Sandhar Ascast (formerly known as Sandhar Tooling) a wholly owned subsidiary of Sandhar Technologies, as a going concern on a slump sale basis.
Sundaram-Clayton (SCL) is one of the largest auto components manufacturing and distribution group in India. SCL is a leading supplier of aluminium die castings to automotive and non-automotive sector.
