Schaeffler India is currently trading at Rs. 4880.00, up by 617.15 points or 14.48% from its previous closing of Rs. 4262.85 on the BSE.
The scrip opened at Rs. 4719.00 and has touched a high and low of Rs. 4998.85 and Rs. 4719.00 respectively. So far 3186 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 5149.00 on 05-Jul-2017 and a 52 week low of Rs. 3780.00 on 29-Dec-2016.
Last one week high and low of the scrip stood at Rs. 4998.85 and Rs. 4136.05 respectively. The current market cap of the company is Rs. 7943.14 crore.
The promoters holding in the company stood at 51.33%, while institutions and non-institutions held 32.30% and 16.39% respectively.
Schaeffler India has received an approval for the scheme of amalgamation of INA Bearings India and LuK India with itself. The Board of Directors of the company in its meeting held on August 30, 2017 has approved the same.
The Scheme provides for transfer and vesting of the entire undertaking of the Transferor Companies into the Company and the dissolution of the Transferor Companies without winding up.
Schaeffler India has its presence in automotive and across all core industrial segments.
| Company Name | CMP |
|---|---|
| Schaeffler India | 4000.70 |
| SKF India | 1706.95 |
| Timken India | 3506.90 |
| Rolex Rings | 136.10 |
| NRB Bearings | 294.30 |
| View more.. | |
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