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Wheels India surges on entering into Technology Transfer Agreement with FLUITECNIK

16 Nov 2016 Evaluate

Wheels India is currently trading at Rs 1236.10, up by 26.25 points or 2.17% from its previous closing of Rs 1209.85 on the BSE.

The scrip opened at Rs. 1251.80 and has touched a high and low of Rs. 1260.00 and Rs. 1223.15 respectively. So far 90 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1417.00 on 09-Aug-2016 and a 52 week low of Rs. 771.00 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 1273.40 and Rs. 1,170.40 respectively. The current market cap of the company is Rs. 1487.31 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 7.76% and 17.24% respectively.

Wheels India has entered into a Technology Transfer Agreement with FLUITECNIK, S.A., Spain for manufacturing of Hydraulic components for supply to wind mill manufacturers in India.

Wheels India is company promoted by the TVS Group, India’s largest auto component manufacturers. It is one of the largest steel wheel manufacturers in the world.

 

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