Kinetic Engineering is currently trading at upper circuit of Rs. 38.35, up by 1.80 points or 4.92% from its previous closing of Rs. 36.55 on the BSE.
The scrip opened at Rs. 38.25 and has touched a high and low of Rs. 38.35 and Rs. 38.25 respectively. So far 2116 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 65.85 on 08-Aug-2018 and a 52 week low of Rs. 28.10 on 17-Jun-2019.
Last one week high and low of the scrip stood at Rs. 40.05 and Rs. 35.35 respectively. The current market cap of the company is Rs. 64.73 crore.
The promoters holding in the company stood at 49.13%, while Institutions and Non-Institutions held 0.41% and 50.46% respectively.
Kinetic Engineering is planning to contribute to the Indian government's vision of promoting electric vehicles (EV) in India. The company shall utilize its strong technical knowledge, vast manufacturing experience and vertically integrated in-house capabilities to provide high-quality systems and components to its EV customers. The company will soon be initiating the development of axles and gearboxes for the EV market.
The company sees huge opportunities in providing a complete power train solution, and hence proposes to design, develop and manufacture 2 speed gear boxes, and complete rear axle assembly along with the motor and controller, which is ready to fit onto vehicles. The kits will range from 1 KW to 10 KW and will be useful for scooters, mopeds, passenger and load carrying 3 wheelers and even trucks and buses.
Kinetic Engineering (Kinetic) is a manufacturer of high technology components and assemblies with a focus on Power Train Components and assemblies. The company is engaged in manufacturing components and assemblies to passenger vehicles, commercial vehicles, tractors, two-three wheelers and construction vehicles, in addition to non-auto segments.
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