Tipco Engineering India surges on incorporating subsidiary company
Tipco Engineering India is currently trading at Rs. 286.00, up by 8.75 points or 3.16% from its previous closing of Rs. 277.25 on the BSE.
The scrip opened at Rs. 291.10 and has touched a high and low of Rs. 291.10 and Rs. 280.00 respectively. So far 168000 shares were traded on the counter.
The BSE group 'MT' stock of face value Rs. 10 has touched a 52 week high of Rs. 299.00 on 08-Sep-2026 and a 52 week low of Rs. 76.54 on 06-Apr-2026.
Last one week high and low of the scrip stood at Rs. 291.10 and Rs. 249.50 respectively. The current market cap of the company is Rs. 596.03 crore.
The promoters holding in the company stood at 57.79%, while Institutions and Non-Institutions held 3.26% and 38.96% respectively.
Tipco Engineering India has incorporated a subsidiary company in the name and style of ‘Tipco Defence Technologies & Robotics’ (TDTRPL). The strategic objective of incorporating TDTRPL is to enable the company’s foray into the defence equipment, robotics and automation engineering sector, thereby diversifying the company’s business and creating new revenue streams.
