Suprajit Engineering gains on purchasing industrial property in Karnataka
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Suprajit Engineering is currently trading at Rs. 376.00, up by 2.85 points or 0.76% from its previous closing of Rs. 373.15 on the BSE.
The scrip opened at Rs. 373.05 and has touched a high and low of Rs. 380.05 and Rs. 370.95 respectively. So far 1772 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 446.75 on 25-Jul-2023 and a 52 week low of Rs. 315.25 on 30-Jan-2023.
Last one week high and low of the scrip stood at Rs. 383.25 and Rs. 367.85 respectively. The current market cap of the company is Rs. 5205.12 crore.
The promoters holding in the company stood at 44.62%, while Institutions and Non-Institutions held 20.62% and 34.75% respectively.
Suprajit Engineering has purchased industrial property with land measuring 1,75,000 sq.ft along with buildings measuring 70,000 sq.ft located at Jigani Industrial Area. Jigani is one of the prime industrial areas in Karnataka on the outskirts of Bangalore with close proximity to certain key customers of Suprajit.
Suprajit Technology Center (STC) is in an advanced stage of negotiating with customers on certain ‘beyond cables’ projects which are expected to be housed in this facility.
Suprajit Engineering is engaged in the business of manufacturing and selling of automotive and other components and that are considered as single segment.
