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Eon Electric surges on the buzz of bagging extended LED streetlight installation contract

22 Dec 2015 Evaluate

Eon Electronic is currently trading at Rs. 77.70, up by 2.10 points or 2.78% from its previous closing of Rs. 75.60 on the BSE.

The scrip opened at Rs. 78.95 and has touched a high and low of Rs. 79.35 and Rs. 77.05 respectively. So far 124933 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 79.35 on 22-Dec-2015 and a 52 week low of Rs. 31.25 on 26-Mar-2015.

Last one week high and low of the scrip stood at Rs. 79.35 and Rs. 53.20 respectively. The current market cap of the company is Rs. 124.93 crore.

The promoters holding in the company stood at 59.74% while Non-Institutions held 40.26% stake in the company.

Eon Electric (EEL) has reportedly received an extended LED streetlight installation contract aimed at replacing conventional streetlights with LEDs in Jodhpur. As part of the extended contract, the company will install additional 33,153 LED streetlights in the city. The contract is part of Rajasthan government’s initiative to cut energy consumption by replacing conventional lights with LEDs.

From an enterprise formed in 1958 by a young group of technocrats, Eon Electric has grown into a multi-product, multi-location company specializing in manufacturing and marketing a wide range of high-tech electrical products used for distribution, protection, control and conservation of electrical energy group of companies, manufacturing and marketing a wide range of electrical equipment. Eon Electric owes its leading position in the Indian Electrical Industry to its strong focus on indigenization.

 

Eon Electric Share Price

6.97 0.00 (0.00%)
26-Oct-2020 18:01 View Price Chart
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