Walchandnagar Industries climbs on signing MoU with IIT Ropar
Walchandnagar Industries is currently trading at Rs. 321.00, up by 5.70 points or 1.81% from its previous closing of Rs. 315.30 on the BSE.
The scrip opened at Rs. 310.15 and has touched a high and low of Rs. 332.00 and Rs. 310.15 respectively. So far 23769 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 438.70 on 01-Aug-2024 and a 52 week low of Rs. 168.45 on 21-Dec-2023.
Last one week high and low of the scrip stood at Rs. 322.00 and Rs. 315.50 respectively. The current market cap of the company is Rs. 1767.56 crore.
The promoters holding in the company stood at 31.54%, while Institutions and Non-Institutions held 0.61% and 67.84% respectively.
Walchandnagar Industries has signed a Memorandum of Understanding (MOU) with Indian Institute of Technology (IIT), Ropar on November 04, 2024 for fostering focused R&D and encouraging innovations and indigenization efforts towards finding solutions to address challenges in defence and aerospace. Both the parties shall jointly work to promote culture of innovation and research in futuristic military technologies. The MoU aims to encourage research, development and indigenization of Armament Technology, aligning with the government’s vision of Atmanirbhar Bharat (Self-Reliant India) and Make in India.
Walchandnagar Industries (WIL) is an ISO 9001: 2015 certified Indian company with global presence and diversified business portfolio in Projects, Products and High-tech Manufacturing. The company has established its name as one of the best in its operational areas.
