Kabra Extrusiontechnik zooms on extending partnership with Battenfeld Cincinnati

15 Nov 2018

Kabra Extrusiontechnik is currently trading at Rs. 79.00, up by 3.50 points or 4.64% from its previous closing of Rs. 75.50 on the BSE.

The scrip opened at Rs. 79.00 and has touched a high and low of Rs. 83.55 and Rs. 77.50 respectively. So far 6084 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 154.70 on 24-Nov-2017 and a 52 week low of Rs. 61.95 on 09-Oct-2018.

Last one week high and low of the scrip stood at Rs. 83.55 and Rs. 72.00 respectively. The current market cap of the company is Rs. 252.03 crore.

The promoters holding in the company stood at 57.09%, while Institutions and Non-Institutions held 1.19% and 41.72% respectively.

Kabra Extrusiontechnik and Battenfeld Cincinnati, Germany; world's leading extrusion machinery manufacturer have extended their cooperation beyond 2026. The two companies have seen in partnership since 1983 and the existing technology agreement, valid until the year 2026 has been extended further by enlarging the scope and making it more comprehensive and inclusive.

Kabra Extrusiontechnik, a part of Kolsite group is a leading manufacturer of plastic extrusion machinery in India.

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