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ESAB India soars on getting nod to acquire welding business of Sandvik Asia

07 Feb 2018 Evaluate

ESAB India is currently trading at Rs. 801.30, up by 33.65 points or 4.38% from its previous closing of Rs. 767.65 on the BSE.

The scrip opened at Rs. 788.25 and has touched a high and low of Rs. 810.00 and Rs. 773.00 respectively. So far 1124 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1075.00 on 05-Oct-2017 and a 52 week low of Rs. 551.00 on 30-May-2017.

Last one week high and low of the scrip stood at Rs. 810.00 and Rs. 719.00 respectively. The current market cap of the company is Rs. 1231.44 crore.

The promoters holding in the company stood at 73.72%, while Institutions and Non-Institutions held 12.86% and 13.42% respectively.

ESAB India has received an approval for the acquisition of the welding business of Sandvik Asia, Pune. The acquisition is by way of business transfer agreement of speciality alloys business only. The Board of directors of the company at its meeting held on February 07, 2018 has approved for the same.

ESAB India has a wide and comprehensive range of welding, cutting and allied products and services. The product range covers Welding Consumables, Reclamation Consumables, Arc Equipment, Industrial Gas Equipment, Cutting Machines and Working Environment Products for the specialised welding, cutting and allied needs.

Esab india Share Price

5722.85 170.10 (3.06%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Graphite India 679.20
HEG 632.55
Esab india 5722.85
Ador Welding 1006.40
GEE 68.04
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