Sharda Motor Industries is currently trading at Rs. 1450.00, up by 47.15 points or 3.36% from its previous closing of Rs. 1402.85 on the BSE.
The scrip opened at Rs. 1390.00 and has touched a high and low of Rs. 1450.00 and Rs. 1390.00 respectively.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 2343.95 on 01-Aug-2018 and a 52 week low of Rs. 1155.00 on 14-Feb-2019.
Last one week high and low of the scrip stood at Rs. 1481.50 and Rs. 1176.15 respectively. The current market cap of the company is Rs. 834.18 crore.
The promoters holding in the company stood at 73.20%, while Institutions and Non-Institutions held 0.68% and 26.12% respectively.
Sharda Motor Industries and Eberspaecher Exhaust Technology International have signed an agreement for a 50:50 joint venture. In future, in order to comply with the highest emission standard Bharat Stage VI, the new joint venture will develop, produce and sell exhaust after treatment systems for Indian commercial vehicle manufacturers. The products will be utilized in trucks and buses from 2020 onwards.
New technology plants in future, exhaust after treatment technology meeting the new emission standard Bharat Stage VI will be manufactured at several locations. This represents a major technological leap from the previous Bharat Stage IV standard and requires far more complex emission control solutions.
Sharda Motor Industries was incorporated in 1986. It manufactures automotive components and metal parts, exhaust system components, fabric automotive upholstry products.
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