Salzer Electronics is currently trading at Rs. 183.00, up by 1.85 points or 1.02% from its previous closing of Rs. 181.15 on the BSE.
The scrip opened at Rs. 182.85 and has touched a high and low of Rs. 186.50 and Rs. 180.00 respectively. So far 4808 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 267.00 on 01-Aug-2016 and a 52 week low of Rs. 160.00 on 29-Feb-2016.
Last one week high and low of the scrip stood at Rs. 187.00 and Rs. 173.00 respectively. The current market cap of the company is Rs. 251.79 crore.
The promoters holding in the company stood at 26.62%, while institutions and non-institutions held 12.10% and 61.27% respectively.
Salzer Electronics has secured a Letter of Intent (LoI) worth Rs 18.70 crore from Energy Efficiency Services (EESL), a Joint Venture Company of PSUs of Ministry of Power, Government of India for designing, manufacturing, supplying, installing, commissioning, testing and maintaining of lighting controls (Centralized Control & Monitoring System-CCMS) for installed LED streetlights in the Urban Local Bodies, Varanasi (Uttar Pradesh), Jalna (Maharastra) and Jharkhand.
Salzer is a Leading player offering Total and Customized Electrical Solutions in Switchgears, Wires & Cables and Energy Management business. The Company caters to a wide range of products with five In-house manufacturing facilities, located in Coimbatore and Himachal Pradesh.
