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Pitti Laminations trades higher on getting rating revision from CARE for bank facilities

31 Jul 2012 Evaluate

Pitti Laminations is currently trading at Rs. 74.20, up by 0.30 points or 0.41 % from its previous closing of Rs. 73.90 on the BSE.

The scrip opened at Rs. 74.00 and has touched a high and low of Rs. 75.90 and Rs. 74.00 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 94.00 on 26-Apr-2012 and a 52 week low of Rs. 31.75 on 18-Aug-2011.

Last one week high and low of the scrip stood at Rs. 83.95 and Rs. 72.50 respectively. The current market cap of the company is Rs. 100.05 crore.

The promoters holding in the company stood at 60.00% while Institutions and Non-Institutions held 0.43% and 39.57% respectively.

Credit rating agency, Credit Analysis and Research (CARE) has revised the rating of long term bank facilities worth Rs 132.10 crore of Pitti Laminations to BBB from BBB+. The rating agency has also revised rating of the company’s short term bank facilities worth Rs 185 crore to A3+ from A2.

Pitti Laminations is engaged in the manufacturing of electrical laminations with an installed capacity of 25,000 MTPA for the use in Rotating Electrical Machinery such as industrial motors, aeronautic wing control motors etc. The company also manufactures die-cast rotors and assembled stators, besides manufacture and sale of press tools, jigs and fixture.

Pitti Engineering Share Price

926.15 41.15 (4.65%)
17-Apr-2026 16:59 View Price Chart
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