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Bharat Seats surges on gettiing nod for setting up production facility at Gujarat

26 Mar 2019 Evaluate

Bharat Seats is currently trading at Rs. 89.80, up by 1.40 points or 1.58% from its previous closing of Rs. 88.40 on the BSE.

The scrip opened at Rs. 89.50 and has touched a high and low of Rs. 91.00 and Rs. 87.15 respectively. So far 8108 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 234.85 on 20-Apr-2018 and a 52 week low of Rs. 72.00 on 18-Feb-2019.

Last one week high and low of the scrip stood at Rs. 91.15 and Rs. 86.60 respectively. The current market cap of the company is Rs. 282.91 crore.

The promoters holding in the company stood at 74.39% while Institutions and Non-Institutions held 0.25% and 25.36% respectively.

Bharat Seats has received approval for setting up new production facility at Moje Naviyani, Taluka Dasada in state of Gujarat at a project cost of around Rs 30 crore, in one or more phases, which is proposed to be funded out of internal accruals. The Board of Directors of the Company at its meeting held on March 25, 2019 has approved the same.

The rationale for setting up of this new production facility is presently to fall in line with the shifting of a certain model manufacturing by Maruti Suzuki India to Suzuki Motor Gujarat manufacturing facility at Gujarat. The setting up of this facility will lead to enhancement in the Company’s production capacity from time to time in line with customer requirements.

Bharat Seats is in the business of manufacturing complete seating systems and interior components for the automotive and surface transport. The company also operates research & development centre which handles projects from the concept stage through modelling, designing prototyping to testing and validation for the final product.

Bharat Seats Share Price

183.40 -2.15 (-1.16%)
17-Apr-2026 16:59 View Price Chart
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