Elgi Equipments gains on acquiring entire stake of Pulford

01 Aug 2018

Elgi Equipments is currently trading at Rs. 289.50, up by 5.80 points or 2.04% from its previous closing of Rs. 283.70 on the BSE.

The scrip opened at Rs. 286.55 and has touched a high and low of Rs. 290.20 and Rs. 286.20 respectively. So far 791 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 350.00 on 12-Feb-2018 and a 52 week low of Rs. 210.00 on 28-Sep-2017.

Last one week high and low of the scrip stood at Rs. 296.00 and Rs. 278.00 respectively. The current market cap of the company is Rs. 4587.26 crore.

The promoters holding in the company stood at 31.90%, while Institutions and Non-Institutions held 27.71% and 40.39% respectively.

Elgi Equipments has completed the acquisition of 100% shareholding and control of F.R.Pulford & Son Pty (Pulford), a company headquartered in Sydney, Australia, through Industrial Air Compressors Pty, Australia, wholly owned subsidiary of Elgi Equipments (Elgi). The Board of Directors in their meeting held on July 31, 2018, approved the same.

Elgi Equipments is a holding company and an air compressor manufacturer. The company’s segments include Compressors, Automotive Equipments and Others.

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Elgi Equipments Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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