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Autoline Industries rises on entering into MoU with Tae Sung

25 Apr 2018 Evaluate

Autoline Industries is currently trading at Rs. 80.00, up by 2.40 points or 3.09% from its previous closing of Rs. 77.60 on the BSE.

The scrip opened at Rs. 80.00 and has touched a high and low of Rs. 80.95 and Rs. 80.00 respectively.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 127.00 on 05-Jan-2018 and a 52 week low of Rs. 50.50 on 28-Jun-2017.

Last one week high and low of the scrip stood at Rs. 80.95 and Rs. 73.30 respectively. The current market cap of the company is Rs. 168.00 crore.

The promoters holding in the company stood at 32.36%, while Non-Institutions held 67.64% stake in the company.

Autoline Industries has entered into Memorandum of Understanding (MoU) with TS ENG. CO., Korea (Tae Sung) on April 19, 2018 for getting technical assistance for low cost manufacturing of stamping die, prototype parts, pedal box, automotive camera etc. and to collaborate with Tae Sung for the development of products as well as markets local and overseas. Tae Sung Group is the Forefront Enterprise for Automotive, Die and Electronics Stamping Part Design, Manufacture & Supply in the World and First Grade Supplier to the various Original Equipment Manufacturers (OEMs).

Both the parties, after getting success in technical collaboration, may proceed to set up joint venture. The discussion is going on to finalize the technical assistance agreement.

Autoline Industries is engaged in the manufacturing of various auto parts/sheet metal components for passenger cars, sports utility vehicles (SUV), commercial vehicles, two-wheelers, three-wheelers, tractors, etc. The company is also exporting auto parts i.e. brake shoes for Mercedes Benz trailers to Saudi Arabia, Dubai, etc. 


Autoline Inds Share Price

66.96 -0.82 (-1.21%)
17-Apr-2026 16:59 View Price Chart
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