Kirloskar Electric soars on resuming manufacturing operations at Hubli

31 Jul 2014 Evaluate

Kirloskar Electric Company is currently trading at Rs. 32.10, up by 1.45 points or 4.73% from its previous closing of Rs. 30.65 on the BSE.

The scrip opened at Rs. 31.10 and has touched a high and low of Rs. 32.15 and Rs. 30.55 respectively. So far 3143 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 38.60 on 03-Apr-2014 and a 52 week low of Rs. 13.05 on 25-Sep-2013.

Last one week high and low of the scrip stood at Rs. 33.45 and Rs. 30.30 respectively. The current market cap of the company is Rs. 162.17 crore.

The promoters holding in the company stood at 49.34% while Institutions and Non-Institutions held 8.02% and 42.64% respectively.

Kirloskar Electric Company has resumed manufacturing operations at unit 2 situated at Gokul Road, Hubli after an understanding is reached between the Employees’ Union and the Management. The unit was under temporary suspension from July 08, 2014 due to pending conclusion of wage negotiations with the unit labour union.

Kirloskar Electric Company is the manufacture, sales and services of diverse range of electrical and electronic equipment such as AC Induction Motors, AC Generators, DG Sets, DC Machines & Traction Equipment, Transformers, Switchgears, Control Equipments and Systems etc., The projects and system division of the Company has specialized in executing system packages for large industries like steel, fertilizers, cement, sugar and other core sectors.

Kirloskar Electric Share Price

104.05 -0.45 (-0.43%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Siemens 5230.00
Havells India 1522.45
Apar Inds 6986.80
ABB India 6350.00
CG Power & Indl.Soln 539.95
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