Autoline Industries is currently trading at Rs. 71.65, up by 6.60 points or 10.15% from its previous closing of Rs. 65.05 on the BSE.
The scrip opened at Rs. 72.20 and has touched a high and low of Rs. 73.00 and Rs. 69.55 respectively.
The BSE group 'B' 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. 55.80 on 11-Sep-2018.
Last one week high and low of the scrip stood at Rs. 73.00 and Rs. 60.50 respectively. The current market cap of the company is Rs. 136.61 crore.
The promoters holding in the company stood at 32.36%, while Non-Institutions held at 67.64%.
Autoline Industries’ subsidiary -- Autoline Industrial Parks has entered into an agreement on September 24, 2018 with Poddar Habitat, a subsidiary of Poddar Housing and Development (Poddar) to transfer a land parcel admeasuring approximately 102.50 Acers situated at Village - Mahalunge, Taluka-Chakan, District- Pune in phases along with trunk infrastructure facilities, on a deferred payment terms.
Poddar is proposing to build an affordable housing project on the said land parcel, having a potential development of more than 8 million square feet over a period of 8 to 10 years.
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.
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