Jagan Lamps touches roof as the company to launch electric bike

17 Jan 2020

Jagan Lamps is currently trading at its upper limit of Rs. 16.72, up by 0.79 points or 4.96% from its previous closing of Rs. 15.93 on the BSE.

The scrip opened at Rs. 16.72 and has touched a high and low of Rs. 16.72 and Rs. 16.72 respectively. So far 2052 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 16.72 on 17-Jan-2020 and a 52 week low of Rs. 9.27 on 24-Oct-2019.

Last one week high and low of the scrip stood at Rs. 16.72 and Rs. 13.78 respectively. The current market cap of the company is Rs. 11.53 crore.

The promoters holding in the company stood at 55.04%, while Non-Institutions held 44.96% stake in the company.

Jagan Lamps is entering into the production of electric vehicles by launching its first electric bike under the brand name ‘Neutron’ on February 08, 2020. The company aims to bring the clean mobility solutions to the general public and not only for the elite class.

Jagan Lamps is a leading manufacturer and exporter of auto bulbs, halogen bulbs, headlights, automotive electrical spares and other related products of extremely high quality at competitive prices.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323