Suprajit Engineering jumps on launching `Braking Products Division`
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Suprajit Engineering is currently trading at Rs. 394.70, up by 4.55 points or 1.17% from its previous closing of Rs. 390.15 on the BSE.
The scrip opened at Rs. 397.95 and has touched a high and low of Rs. 397.95 and Rs. 387.45 respectively. So far 5073 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. 322.60 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 397.95 and Rs. 380.00 respectively. The current market cap of the company is Rs. 5456.98 crore.
The promoters holding in the company stood at 44.62%, while Institutions and Non-Institutions held 20.77% and 34.60% respectively.
Suprajit Engineering has launched its ‘Braking Products Division’. This division has been setup in a fully renovated and refurbished plant at plot no 132, Bommasandra Industrial Area, Bangalore. The division will start deliveries in this quarter to select OEM customers and aftermarket. The braking division will house brake shoes, brake pads, brake liners, CBS, Mechanical Disc Brake Systems (MDBS) and offer a comprehensive range of braking products for its valued customers. The braking division’s financials will be declared within the Domestic Cable Division (DCD), for the time being.
Suprajit Engineering is engaged in the business of manufacturing and selling of automotive and other components and that are considered as single segment.
