Exedy India surges on the bourses

16 Jan 2012 Evaluate

Exedy India is currently trading at Rs. 227.50, up by 10.80 points or 4.98% from its previous closing of Rs. 216.70 on the BSE.

The scrip opened at Rs. 218.00 and has touched a high and low of Rs. 227.50 and Rs. 218.00 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 288.20 on 15-Jun-2011 and a 52 week low of Rs. 135.45 on 24-Feb-2011.

Last one week high and low of the scrip stood at Rs. 227.50 and Rs. 206.35 respectively. The current market cap of the company is Rs. 130.17 crore.

The promoters holding in the company stood at 93.94% while Institutions and Non-Institutions held 0.05% and 6.01% respectively. 

Exedy India’s wholly owned subsidiary - Exedy Clutch India (ECI) has received in-principle approval to a project proposal of the company to establish manufacturing unit for multi-plate clutch, continuance variable transmission (CVT), clutch disc and clutch cover assembly and its components for both 2 wheelers and 4 wheelers at Narasapur industrial area, Kolar district in Karnataka.

The company has received Government’s approval vide order dated December 16, 2011. The above mentioned Government’s order is valid for a period of two years from the date of issue.

Further, the project also has extended infrastructure facilities like land, supply of water and power and other incentives and concessions as per industrial policy of the state of Karnataka.

Exedy India formerly known as Ceekay Daikin is a leader in the field of automotive clutches. The company’s highly specialised line up of products encompasses a range of clutches for a range of applications – clutch disc assemblies, clutch cover assemblies from Coil type/ Diaphragm spring /DST type and clutch disc regular, silent and unity type.

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