Modison Metals is currently trading at Rs. 72.75, up by 2.70 points or 3.85% from its previous closing of Rs. 70.05 on the BSE.
The scrip opened at Rs. 72.20 and has touched a high and low of Rs. 73.90 and Rs. 71.75 respectively. So far 49828 shares were traded on the counter.
The BSE group 'XC' stock of face value Rs. 1 has touched a 52 week high of Rs. 83.00 on 19-Oct-2017 and a 52 week low of Rs. 48.50 on 02-Dec-2016.
Last one week high and low of the scrip stood at Rs. 73.90 and Rs. 68.55 respectively. The current market cap of the company is Rs. 239.81 crore.
The promoters holding in the company stood at 51.66%, while Non-Institutions held 48.34% stake in the company.
Modison Metals has entered into an agreement for acquisition of key assets for High voltage contact business from DODUCO, Germany, with the latest patent and with the condition that they will not produce these parts for the next five years.
Modison Metals manufactures and markets electrical contacts for low, medium, high, and extra high voltage switchgear industries in India and internationally.
