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Sibar Auto Parts touches roof on bagging contract from TVS Motor Company

30 Jan 2018 Evaluate

Sibar Auto Parts is locked at upper circuit limit at Rs. 19.57, up by 0.93 points or 4.99% from its previous closing of Rs. 18.64 on the BSE.

The scrip opened at Rs. 19.57 and has touched a high and low of Rs. 19.57 and Rs. 19.57 respectively. So far 13,000 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 22.95 on 30-Jan-2017 and a 52 week low of Rs. 10.82 on 04-Aug-2017.

Last one week high and low of the scrip stood at Rs. 19.57 and Rs. 16.92 respectively. The current market cap of the company is Rs. 18.66 crore.

The promoters holding in the company stood at 59.82%, while Institutions and Non-Institutions held 1.68% and 38.49% respectively.

Sibar Auto Parts has received its first R&D Trial order for NI-SIC plated cylinder block from Indian Two-wheeler Company - TVS Motor Company for 2 models of cylinder blocks.

Earlier, the company had received LOI from AVTEC for Exports Norton Motor cycles, UK. The NI-SIC cylinder blocks are better in emissions norms, life, performance and have substantial (up to 30%) fuel efficiency over present Traditional cylinder blocks.

Sibar Auto Parts manufactures and sells cylinder blocks and heads for two wheelers in India and internationally.


Sibar Auto parts Share Price

7.34 -0.06 (-0.81%)
13-Apr-2026 16:59 View Price Chart
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