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Pix Transmissions touches the roof on plan to enter into BTA with Parker Hannifin

Pix Transmissions Ltd. | Rubber Products | Agriculture & Allied activities | BSE: 500333 | NSE: PIXTRANS

25 Jun 2012 Evaluate

Pix Transmissions is currently trading at its upper circuit limit of Rs. 38.20, up by 1.80 points or 4.95% from its previous closing of Rs. 36.40 on the BSE.

The scrip opened at Rs. 38.20 and has touched a high and low of Rs. 38.20 and Rs. 38.20 respectively.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 63.90 on 18-Jul-2011 and a 52 week low of Rs. 26.05 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs. 38.20 and Rs. 30.00 respectively. The current market cap of the company is Rs. 49.37 crore.

The promoters holding in the company stood at 51.90% while Institutions and Non-Institutions held 0.03% and 48.06% respectively.

Pix Transmissions has received an approval to enter into business transfer agreement (BTA) with Parker Hannifin to sell, transfer or dispose-off Hose Business Division of the company located at Bazargaon in Nagpur. The board at its meeting held on June 25, 2012 has approved for the same.

Further, the board has authorized Amarpal Sethi, Chairman & Managing Director, Sonepal Sethi, Joint Managing Director and Rishipal Sethi, Joint Managing Director of the company to sign, carryout all transactions relating to BTA and all allied agreements jointly or severally on behalf of the company.

Pix Transmissions is the fastest emerging global leader in power & fluid transmission business. It is engaged into the manufacturing of World Class Quality Industrial & Automotive Belts, Hoses, Hose Assemblies and End Fittings to suit various Power Drive needs.

Pix Transmission Share Price

1519.85 -5.30 (-0.35%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Apcotex Inds	385.00
Pix Transmission	1519.85
GRP	1968.40
Harrisons Malayalam	210.80
Tinna Rubber & Infra	731.10
View more..

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Pix Transmissions touches the roof on plan to enter into BTA with Parker Hannifin

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