Majestic Auto is currently trading at its upper circuit limit of Rs. 122.40, up by 20.40 points or 20.00% from its previous closing of Rs. 102.00 on the BSE.
The scrip opened at Rs. 122.40 and has touched a high and low of Rs. 122.40 and Rs. 122.40 respectively. So far 44552 shares were traded on the counter.
The BSE group 'XC' stock of face value Rs. 10 has touched a 52 week high of Rs. 132.00 on 04-Nov-2016 and a 52 week low of Rs. 86.25 on 23-Nov-2016.
Last one week high and low of the scrip stood at Rs. 122.40 and Rs. 98.40 respectively. The current market cap of the company is Rs. 127.27 crore.
The promoters holding in the company stood at 75.00%, while institutions and non-institutions held 0.05% and 24.95% respectively.
Majestic Auto has received an approval to consider sale of assets more than the net worth at such time in such form for an amount not exceeding Rs 300 crore. The board of directors at its meeting held on August 30, 2017 has approved for the same.
Majestic Auto is engaged in the manufacturing of mufflers, fine blanking components, electricals, spokes, and two wheelers spare parts. The Company operates in four segments: Fine Blanking Components, Mufflers, Spokes and Electricals.
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