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Sandhar Technologies soars on inking JV agreement with Han Shin Corporation

25 Jul 2019 Evaluate

Sandhar Technologies is currently trading at Rs. 270.00, up by 1.35 points or 0.50% from its previous closing of Rs. 268.65 on the BSE.

The scrip opened at Rs. 272.40 and has touched a high and low of Rs. 273.20 and Rs. 266.05 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 391.60 on 27-Aug-2018 and a 52 week low of Rs. 226.45 on 28-Jan-2019.

Last one week high and low of the scrip stood at Rs. 283.15 and Rs. 255.80 respectively. The current market cap of the company is Rs. 1616.72 crore.

The promoters holding in the company stood at 70.24%, while Institutions and Non-Institutions held 17.69% and 12.08% respectively.

Sandhar Technologies has signed a Joint Venture (JV) agreement with Han Shin Corporation, Republic of Korea. The JV is being established for manufacturing and selling, electronic parts and accessories for the automotive industries in India which would include Antenna, Radio Cable, AV/NAVI Cable, GPS/DMB Cable, USB Cable, AVM Cable etc.

Sandhar Technologies is an OEM component supplier with manufacturing plants in India, Spain, Poland and Mexico.

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