Autoline Industries is currently trading at its upper circuit limit of Rs. 78.15, up by 3.70 points or 4.97% from its previous closing of Rs. 74.45 on the BSE.
The scrip opened at Rs. 72.00 and has touched a high and low of Rs. 78.15 and Rs. 72.00 respectively. So far 14949 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 91.50 on 08-Aug-2017 and a 52 week low of Rs. 44.00 on 22-Nov-2016.
Last one week high and low of the scrip stood at Rs. 84.00 and Rs. 72.00 respectively. The current market cap of the company is Rs. 121.84 crore.
The promoters holding in the company stood at 32.38%, while Institutions and Non-Institutions held 1.47% and 66.16% respectively.
Autoline Industries’ subsidiary -- Autoline Industrial Parks has executed a Memorandum of Understanding (MoU) with Poddar Habitat (subsidiary of Poddar housing and development) on August 22, 2017 to discuss modalities for developing a Township Project, on approved Special Township Scheme at its 104 Acre land located at Chakan, Pune (Maharashtra).
Earlier, the company had entered with potential developer into a non-binding MOU for having without prejudice discussions with respect to jointly develop the said township project. Since the parties could not reach mutually acceptable terms and no satisfactory agreement was arrived at, the company decided to discontinue the without prejudice discussions with said developer.
Autoline Industries is engaged in the manufacturing of various auto parts/sheet metal components for passenger cars, sports utility vehicles (SUV), commercial vehicles, two-wheelers, three-wheelers, tractors, etc. The company is also exporting auto parts i.e. brake shoes for Mercedes Benz trailers to Saudi Arabia, Dubai, etc.
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