ZF Steering Gear India is currently trading at Rs 265.15, up by 2.25 points or 0.86% from its previous closing of Rs 262.90 on the BSE.
The scrip opened at Rs 254.10 and has touched a high and low of Rs 272.00 and Rs 254.10 respectively. So far 1101 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 397.95 on 04-Jan-2011 and a 52 week low of Rs 245.00 on 20-Dec-2011.
Last one week high and low of the scrip stood at Rs 272.00 and Rs 245.75 respectively. The current market cap of the company is Rs 244.98 crore.
The promoters holding in the company stood at 73.26% while Institutions and Non-Institutions held 0.09% and 26.64% respectively.
ZF Steering Gear India has transferred its leasehold rights of an industrial land situate at Talegaon Industrial Area, Village Navlakh Umbre, Taluka Maval in Pune for a consideration of Rs 47 crore. The land was acquired by the company in May 2011.
ZF Steering Gear was started in 1981 to manufacture mechanical - worm and roller and integral hydraulic power steering gears in financial and technical collaboration with ZF Friedrichafen AG Germany, the world's largest independent steering gears manufacturer. The factory is equipped with advanced specially designed machinery from ZF Germany for manufacturing critical components and includes systematic cluster of wide range of CNC machines and special purpose machines.
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