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Sharda Motor Industries rides high on buying 50% stake of JV Company

18 Apr 2019 Evaluate

Sharda Motor Industries is currently trading at Rs. 1510.00, up by 26.60 points or 1.79% from its previous closing of Rs. 1483.40 on the BSE.

The scrip opened at Rs. 1500.00 and has touched a high and low of Rs. 1519.00 and Rs. 1485.00 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. 1519.50 and Rs. 1470.00 respectively. The current market cap of the company is Rs. 903.25 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 has purchased its 50% share (5,000 shares of Rs. 10 each) in the proposed JV Company namely; Exhaust Technology and an equal stake shall be brought by the Eberspaecher Exhaust Technology International GmbH (EET) in the said proposed JV Company in due course of time.

Earlier, the company had entered into a Joint Venture (JV) agreement with EET with an equity sharing ratio of 50:50 between the JV Partners, accordingly in pursuance of JV Agreement.

Sharda Motor Industries was incorporated in 1986. It manufactures automotive components and metal parts, exhaust system components, fabric automotive upholstry products.

Sharda Motor Inds. Share Price

869.05 8.00 (0.93%)
17-Apr-2026 16:59 View Price Chart
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