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Rico Auto Industries strengthens on commencing commercial production at Chennai plant

28 Apr 2016 Evaluate

Rico Auto Industries is currently trading at Rs. 40.40, up by 1.50 points or 3.86% from its previous closing of Rs. 38.90 on the BSE.

The scrip opened at Rs. 40.00 and has touched a high and low of Rs. 41.10 and Rs. 39.70 respectively. So far 3,53,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 63.90 on 10-Aug-2015 and a 52 week low of Rs. 27.70 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 41.10 and Rs. 36.10 respectively. The current market cap of the company is Rs. 546.55 crore.

The promoters holding in the company stood at 50.10%, while Institutions and Non-Institutions held 3.73% and 46.17% respectively.

Rico Auto Industries has set up a manufacturing plant at Chennai for supply of High Pressure Die Casting Aluminium Auto Components to Renault-Nissan. The plant has been commissioned and has started commercial production.

In the first phase the plant has installed capacity of 150,000 sets per annum for making Engine Parts including Cylinder Blocks. The Ramp up is taking place and plant would start running on full capacity by the 3rd quarter of this financial year. The company is also targeting other south based customers for domestic and export program to further enhance the business from Chennai Plant.

Rico Auto Industries, incorporated in 1984-85, is a world-class engineering company supplying a wide range of high precision fully machined aluminum and ferrous components and assemblies to automotive OEMs across the globe.


Rico Auto Inds Share Price

119.10 -0.25 (-0.21%)
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