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Walchandnagar rises on plan to de-merge its businesses into three separate companies

16 Dec 2014 Evaluate

Walchandnagar Industries is currently trading at Rs. 148.20, up by 1.45 points or 0.99% from its previous closing of Rs. 146.75 on the BSE.

The scrip opened at Rs. 147.35 and has touched a high and low of Rs. 148.90 and Rs. 147.00 respectively. So far 14181 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 154.50 on 07-Nov-2014 and a 52 week low of Rs. 53.60 on 17-Feb-2014.

Last one week high and low of the scrip stood at Rs. 151.90 and Rs. 132.05 respectively. The current market cap of the company is Rs. 558.68 crore.

The promoters holding in the company stood at 55.00% while Institutions and Non-Institutions held 5.99% and 39.01% respectively.

Walchandnagar Industries is planning to de-merge its businesses into three separate companies. These three subsidiaries will be engaged in manufacturing, projects and engineering services. The vision is to spin off these businesses into separate companies to enable them to grow independently.

At present, the company is into a huge range of disparate businesses - manufacture of sugar and cement machinery, gear boxes, manufacture of products for defence, nuclear and space sectors, and engineering construction services. It has its main manufacturing unit at Walchandnagar near Pune and also runs a foundry at Satara, Maharashtra. The company’s activities easily fall into three buckets.

Walchandnagar Inds Share Price

189.50 -0.50 (-0.26%)
21-Apr-2026 16:59 View Price Chart
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