Pitti Engineering surges on the buzz of securing orders from GE India

13 Nov 2019 Evaluate

Pitti Engineering is currently trading at Rs. 42.00, up by 0.70 points or 1.69% from its previous closing of Rs. 41.30 on the BSE.

The scrip opened at Rs. 43.45 and has touched a high and low of Rs. 43.80 and Rs. 41.55 respectively. So far 1652 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 90.15 on 21-Nov-2018 and a 52 week low of Rs. 31.50 on 22-Aug-2019.

Last one week high and low of the scrip stood at Rs. 44.00 and Rs. 39.55 respectively. The current market cap of the company is Rs. 133.17 crore.

The promoters holding in the company stood at 56.79%, while Institutions and Non-Institutions held 2.55% and 40.66% respectively.

Pitti Engineering has reportedly secured Rs 750 crore orders from GE India. The orders are to supply traction motor-related products and other ancillaries to be used in locomotives being made for Indian Railways.

Pitti Engineering is engaged in the manufacturing of electrical laminations for use in all types of motors for a wide spectrum of applications, alternators, DC machines, railway lighting alternators etc.

Pitti Engineering Share Price

763.80 0.95 (0.12%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Engineers India 201.95
Rites 664.30
Pitti Engineering 763.80
Kennametal India 2379.15
MTAR Technologies 1683.65
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