Lokesh Machines is currently trading at Rs. 77.00, up by 5.20 points or 7.24% from its previous closing of Rs. 71.80 on the BSE.
The scrip opened at Rs. 72.65 and has touched a high and low of Rs. 81.50 and Rs. 72.65 respectively. So far 1,15,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 93.20 on 22-Jul-2016 and a 52 week low of Rs. 60.05 on 11-Feb-2016.
Last one week high and low of the scrip stood at Rs. 81.50 and Rs. 71.00 respectively. The current market cap of the company is Rs. 131.15 crore.
The promoters holding in the company stood at 53.73%, while Institutions and Non-Institutions held 2.17% and 44.10% respectively.
Lokesh Machines has received an approval for entering into technical tie-up agreement with EMKO Group of Austria (EMKO). The board of directors at its meeting held on January 27, 2017 has approved for the same.
Lokesh Machines operates in the Machine tools, metal cutting types sector. The company also entered the auto component segment by setting up dedicated lines of machines for manufacture and supply of cylinder blocks for M&M for their tractor, jeep and Scorpio divisions.
