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Autolite (India) firms up on inking MoU for manufacturing hi-tech Capital Goods

19 May 2015 Evaluate

Autolite (India) is currently trading at Rs. 46.65, up by 2.65 points or 6.02% from its previous closing of Rs. 44.00 on the BSE.

The scrip opened at Rs. 46.00 and has touched a high and low of Rs. 47.90 and Rs. 45.00 respectively. So far 34,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 47.90 on 19-May-2015 and a 52 week low of Rs. 20.25 on 11-Aug-2014.

Last one week high and low of the scrip stood at Rs. 47.90 and Rs. 34.50 respectively. The current market cap of the company is Rs. 49.00 crore.

The promoters holding in the company stood at 52.16% while Institutions and Non-Institutions held 0.42% and 47.42% respectively.

Autolite (India) has signed a Memorandum of Understanding (MoU) for the joint venture with Chinese Company 'Jinway Import and Export Company' for the manufacture of hi-tech Capital Goods. The plant is proposed to be located at Jaipur in the name of Aishi Jinway Machinery Company. The MoU was signed to promote the vision ‘MAKE IN INDIA’ of Prime Minister of India.

Autolite (India) was incorporated with the objective to design, manufacture and market automotive lighting products globally.


Autolite India Share Price

15.10 0.00 (0.00%)
04-Oct-2021 18:01 View Price Chart
Peers
Company Name CMP
SamvardhanaMotherson 125.00
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Bosch 37505.60
UNO Minda 1097.30
CIE Automotive India 490.15
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