TRF is currently trading at Rs. 248.30, up by 2.55 points or 1.04% from its previous closing of Rs. 245.75 on the BSE.
The scrip opened at Rs. 247.95 and has touched a high and low of Rs. 250.90 and Rs. 246.10 respectively. So far 5071 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 291.15 on 28-Apr-2017 and a 52 week low of Rs. 181.00 on 09-Nov-2016.
Last one week high and low of the scrip stood at Rs. 250.90 and Rs. 235.00 respectively. The current market cap of the company is Rs. 273.24 crore.
The promoters holding in the company stood at 34.12%, while institutions and non-institutions held 2.29% and 63.58% respectively.
TRF has executed a Share Purchase Agreement (SPA) on October 31, 2017 with JL Power Venture (JPL) and Adithya Automotive Applications (AAA), whereby TRF has agreed to sell its entire 51% stake in AAA to JPL, subject to the terms of SPA.
The closing of the transaction is subject to satisfaction of condition precedent as set out in the SPA, including obtaining the shareholders’ approval of TRF. Upon closing of the transaction, AAA shall cease to be a subsidiary of TRF.
TRF is engaged in the production of material handling equipment. The company’s segments include Products & Services, and Projects & Services.
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