GNA Axles is currently trading at Rs. 366.65, up by 6.50 points or 1.80% from its previous closing of Rs. 360.15 on the BSE.
The scrip opened at Rs. 367.30 and has touched a high and low of Rs. 372.00 and Rs. 366.65 respectively. So far 346 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 577.50 on 20-Apr-2018 and a 52 week low of Rs. 307.00 on 09-Oct-2018.
Last one week high and low of the scrip stood at Rs. 376.25 and Rs. 332.50 respectively. The current market cap of the company is Rs. 773.08 crore.
The promoters holding in the company stood at 65.84% while Institutions and Non-Institutions held 15.92% and 18.25% respectively.
GNA Axles’ board has approved the proposal to avail a term loan of Rs 60 crore for purchase of machinery from Central Bank of India. The Legal, Banking and Finance Committee of the Board of Directors of the company, in its meeting held on October 16, 2018 has considered and approved the same.
GNA Axles is Punjab based manufacturers of rear axle shafts, other shafts and spindles used in on-highway and off-highway vehicular segments in India. The company is mainly engaged in manufactures and sells auto components for the four-wheeler industry.
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