Electrotherm (India) is currently trading at Rs. 259.00, up by 6.20 points or 2.45% from its previous closing of Rs. 252.80 on the BSE.
The scrip opened at Rs. 263.90 and has touched a high and low of Rs. 263.90 and Rs. 255.00 respectively. So far 1206 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 308.80 on 06-Jun-2017 and a 52 week low of Rs. 70.20 on 18-Jul-2016.
Last one week high and low of the scrip stood at Rs. 268.40 and Rs. 240.00 respectively. The current market cap of the company is Rs. 325.07 crore.
The promoters holding in the company stood at 29.57%, while Institutions and Non-Institutions held 12.53% and 57.90% respectively.
Electrotherm (India) has received an approval for raising funds in the form of equity and/or convertible securities by way of qualified institutional placement (QIP) / Preferential Allotment/ FCCB /ADR/GDR/ Right Issue or any other method linked to equity / preference shares / any instrument or securities representing convertible securities up to Rs 200 crore. The board of directors at their meeting held on July 13, 2017, has approved for the same.
Electrotherm (India) is engaged in the manufacturing of steel, electric vehicle and providing engineering services. The company also manufactures electric vehicles and markets it under the brand name Yo-bykes.
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