Salzer Electronics is currently trading at Rs. 125.05, up by 3.85 points or 3.18% from its previous closing of Rs. 121.20 on the BSE.
The scrip opened at Rs. 126.75 and has touched a high and low of Rs. 126.80 and Rs. 125.05 respectively.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 177.95 on 16-Jul-2018 and a 52 week low of Rs. 101.70 on 15-Feb-2019.
Last one week high and low of the scrip stood at Rs. 126.80 and Rs. 116.20 respectively. The current market cap of the company is Rs. 199.86 crore.
The promoters holding in the company stood at 35.87%, while Institutions and Non-Institutions held 13.25% and 50.89% respectively.
Salzer Electronics has completed acquisition of the promoter’s shares of Kaycee Industries from the CMS group. This acquisition has been done as per the share purchase agreement (SPA) dated May 24, 2019. The main objective behind the acquisition is to aid increase product offerings and further expand its footprint into newer segments along with access to all India dealer network.
Salzer Electronics is a Leading player offering Total and Customized Electrical Solutions in Switchgears, Wires & Cables and Energy Management business. The Company caters to a wide range of products with five In-house manufacturing facilities, located in Coimbatore and Himachal Pradesh.
