Wendt (India) is currently trading at Rs. 1805.50, up by 19.50 points or 1.09% from its previous closing of Rs. 1786.00 on the BSE.
The scrip opened at Rs. 1800.00 and has touched a high and low of Rs. 1850.00 and Rs. 1800.00 respectively. So far 207 shares were traded on the counter.
The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 2410.00 on 06-Aug-2015 and a 52 week low of Rs. 1612.50 on 27-Mar-2015.
Last one week high and low of the scrip stood at Rs. 1843.00 and Rs. 1785.00 respectively. The current market cap of the company is Rs. 362.00 crore.
The promoters holding in the company stood at 79.74% while Institutions and Non-Institutions held 0.09% and 20.17% respectively.
Wendt (India) has entered into agreement with Star Diamond Tools (Star) for acquisition of their Diamond Dresser Tool business on slump sale basis. The value of the transaction envisaged is approximately Rs 300 lakh and the conclusion of the transaction is subject to fulfillment of certain conditions in due course.
This acquisition of Star‘s diamond tools business is expected to strengthen Wendt India’s presence in Stationery dressing tool business and would help in enhancing the product basket. Star is a well known brand for diamond dressers like single point, chisels, blades etc. The transaction is expected to be closed in the fourth quarter of FY16.
Wendt India is a leading manufacturer of Super Abrasive Grinding wheels (Diamond and Cubic Boron Nitride), Special purpose Grinding Machines and tools and precision components. It offers functionally superior Products and Services for Grinding and Machining Hard -To-Process Materials.
| Company Name | CMP |
|---|---|
| Carborundum Univer. | 939.95 |
| Grindwell Norton | 1574.25 |
| Wendt India | 7090.95 |
| John Oakey & Mohan Ltd. | |
| Alirox Abrasives | |
| View more.. | |
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