MIRC Electronics trades in green on the bourses

11 Jul 2018

Mirc Electronics is currently trading at Rs. 30.80, up by 0.70 points or 2.33 % from its previous closing of Rs. 30.10 on the BSE.

The scrip opened at Rs. 30.80 and has touched a high and low of Rs. 30.90 and Rs. 30.55 respectively. So far 2065 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 64.70 on 20-Dec-2017 and a 52 week low of Rs. 11.75 on 24-Aug-2017.

Last one week high and low of the scrip stood at Rs. 30.90 and Rs. 27.55 respectively. The current market cap of the company is Rs. 695.17 crore.

The promoters holding in the company stood at 52.91% while Institutions and Non-Institutions held 1.73% and 45.37% respectively.

MIRC Electronics’ brand Onida has launched 20 new models for their Washing Machine category to strengthen its Washing Machine product portfolio. This line-up includes glass lid Semi-Automated and Hi-End front load and top load machines with in-built heaters.

Onida targets to grow in this category by 80% during the current year generating revenue of Rs 160 crore. Onida has products for all segments across India, however they are primarily targeting the semi-urban and rural segments. Onida has a state-of-the-art Washing Machine plant in Roorkee, wherein we have moulding machines and assembly line for manufacturing Washing Machines.

MIRC Electronics is engaged in the manufacture and marketing of electronics goods primarily under the brand Onida and IGO.

Related Mirc Electronics Ltd. Links:

MIRC Electronics Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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