Suprajit Engineering is currently trading at Rs. 151.50, up by 14.70 points or 10.75% from its previous closing of Rs. 136.80 on the BSE.
The scrip opened at Rs. 138.00 and has touched a high and low of Rs. 156.60 and Rs. 138.00 respectively. So far 34692 shares were traded on the counter.
The BSE group 'B ' stock of face value Rs. 1 has touched a 52 week high of Rs. 156.60 on 18-Apr-2016 and a 52 week low of Rs. 111.00 on 29-Apr-2015.
Last one week high and low of the scrip stood at Rs. 156.60 and Rs. 131.60 respectively. The current market cap of the company is Rs. 1970.08 crore.
The promoters holding in the company stood at 51.84% while Institutions and Non-Institutions held 7.57% and 40.60% respectively.
Suprajit Engineering has received its board’s approval for merger of Phoenix Lamps with the company in the ratio of 4:5.
Phoenix Lamps is the subsidiary of Suprajit Engineering wherein Suprajit currently owns 61.93% of Phoenix equity shareholding. The merger ratio has been set at 4 shares of (Re 1 each) Suprajit for every 5 shares of (Rs 10 each) Phoenix in line with SEBI regulations.
Post merger, Phoenix Lamps will operate as a separate division of Suprajit Engineering and will continue to market itself under the brand of ‘Phoenix’.
Suprajit Engineering is India's largest automotive cable maker with a planned annual cable capacity of 225 million cables. The company’s customer list includes most Indian automotive majors. It also exports to many marquee global customers.
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