Stone India is currently trading at Rs. 29.25, up by 1.55 points or 5.60% from its previous closing of Rs. 27.70 on the BSE.
The scrip opened at Rs. 29.00 and has touched a high and low of Rs. 29.80 and Rs. 27.90 respectively. So far 24418 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 72.00 on 03-Jan-2011 and a 52 week low of Rs. 23.20 on 25-Oct-2011.
Last one week high and low of the scrip stood at Rs. 29.85 and Rs. 25.95 respectively. The current market cap of the company is Rs. 21.19 crore.
The promoters holding in the company stood at 31.45% while Institutions and Non-Institutions held 1.41% and 67.15% respectively.
Stone India has signed an agreement with UK- based Turbo Power System, a leading Permanent Magnet based rotating machine designer and manufacturer. The agreement will permit joint development of sophisticated self-propelled permanent magnet based coach power generation system for high speed coaches of Indian Railways.
Recently, the company incorporated a wholly owned subsidiary of the company named ‘Stone Technology’.
Stone India, a multi-product engineering company located in Kolkata, has been serving the Indian rail road industry for over seven decades now. A pioneer in brake systems and train lighting alternators is the undisputed leader in locomotive brake systems and has a wide range of mechanical and electrical products for the rail road industry.
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