Dynamatic Technologies is currently trading at Rs. 1528.00, up by 29.60 points or 1.98% from its previous closing of Rs. 1498.40 on the BSE.
The scrip opened at Rs. 1528.00 and has touched a high and low of Rs. 1528.00 and Rs. 1528.00 respectively. So far 5 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2355.00 on 05-Jan-2018 and a 52 week low of Rs. 1306.00 on 15-Oct-2018.
Last one week high and low of the scrip stood at Rs. 1529.10 and Rs. 1382.10 respectively. The current market cap of the company is Rs. 953.12 crore.
The promoters holding in the company stood at 50.20%, while Institutions and Non-Institutions held 24.17% and 25.63% respectively.
Dynamatic Technologies has executed Business Transfer Agreement with Hi-Tech Arai. The company to sell the auto division of the company located at Chennai. In respect of the divestment of the Auto Division, the company will receive Rs 40 crore as consideration for transfer of all the fixed assets relating to the aluminum business of the Auto Division, which is in excess of the book value of underlying assets, while the company has carved out and redeployed some machinery worth Rs 8 crore into its other businesses.
Additionally, the Hi-Tech Arai has agreed to acquire the inventories of the Auto Division on an actual basis at a price that will be determined by the parties upon physical verification.
Dynamatic Technologies is the largest producer of Hydraulic Gear Pumps in Asia and one of the top five worldwide. The company designs and builds highly engineered products for Automotive, Aeronautic, Hydraulic and Security applications.