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Johnson Controls-Hitachi gains on opening new global development center in Gujarat

07 Oct 2019 Evaluate

Johnson Controls-Hitachi Air Conditioning India is currently trading at Rs. 1890.00, up by 13.15 points or 0.70% from its previous closing of Rs. 1876.85 on the BSE.

The scrip opened at Rs. 1880.00 and has touched a high and low of Rs. 1900.35 and Rs. 1842.00 respectively.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2151.00 on 01-Apr-2019 and a 52 week low of Rs. 1475.00 on 13-Aug-2019.

Last one week high and low of the scrip stood at Rs. 1939.00 and Rs. 1842.00 respectively. The current market cap of the company is Rs. 5167.22 crore.

The promoters holding in the company stood at 74.25%, while Institutions and Non-Institutions held 16.52% and 9.22% respectively.

Johnson Controls-Hitachi Air Conditioning India has opened new global development center in Kadi, Gujarat State, India. The result of a $22.5 million (approximately Rs 157 crore) investment, the state-of-the-art facility will drive the company’s world class innovation capabilities with a strong focus on developing residential air conditioners and commercial packaged air conditioners for India as well as the Southeast Asia, Middle East and European markets.

The center offers a wide range of capabilities, including user experience design, industrial design, simulation, controls, design quality, project management and engineering information systems. It also features an experience zone that will give customers hands-on experience of the latest air conditioning innovations and technologies.

Johnson Controls-Hitachi Air Conditioning is engaged in manufacturing a range of electronic home solutions.The product range of the company includes window ACs, split AC, tower and packaged air conditioners, 2- and 3-door refrigerators &fully automatic machines.

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